According to Decrypt, Johann Kerbrat, head of Robinhood’s crypto business, said that since its launch one month ago, Robinhood Chain has performed strongly, with a total value locked (TVL) nearing $800 million and over 200 million transactions processed. Kerbrat noted that Robinhood Chain is designed to balance traditional financial products with meme coins, and the choice of Ethereum Layer-2 enables the platform to focus on product development while leveraging existing security and decentralization.
Robinhood Chain TVL Approaches $800M in First Month
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Summary
Robinhood Chain’s TVL reached $800 million in its first month, according to on-chain data. Johann Kerbrat, Robinhood’s head of crypto, said the chain processed over 200 million transactions. Built on Ethereum Layer-2, it ensures security and mitigates potential breach risks. It supports both traditional financial products and meme coins.
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