{"id":36877,"date":"2026-08-10T16:35:57","date_gmt":"2026-08-10T16:35:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/robinhood-chain-could-bring-27m-users-to-ethereum-tom-lee\/"},"modified":"2026-08-10T16:36:24","modified_gmt":"2026-08-10T16:36:24","slug":"robinhood-chain-could-bring-27m-users-to-ethereum-tom-lee","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/robinhood-chain-could-bring-27m-users-to-ethereum-tom-lee\/","title":{"rendered":"Robinhood Chain could bring 27M users to Ethereum: Tom Lee"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitmine Chairman Tom Lee believes Robinhood Chain could become one of 2026\u2019s biggest crypto success stories by connecting the brokerage\u2019s 27 million customers with Ethereum-based financial services.<\/p>\n<div id=\"cn-block-summary-block_d69593cf70c0305ded1904d41dd964fe\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Lee called Robinhood Chain <strong>one of crypto\u2019s biggest success stories of 2026<\/strong> after its July 1 launch.<\/li>\n<li>Robinhood\u2019s customer base gives the network a potential market of <strong>more than 27 million funded accounts<\/strong>.<\/li>\n<li>Robinhood Chain has recorded nearly <strong>$9 billion in cumulative DEX volume<\/strong>, although memecoins drove most early trading.<\/li>\n<li>The Ethereum Layer 2 uses <strong>ETH for transaction fees<\/strong> and settles activity on the Ethereum mainnet.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Tom Lee sees Robinhood Chain accelerating ETH adoption<\/h2>\n<p>Lee, who chairs Ethereum treasury company Bitmine and co-founded Fundstrat, said Robinhood Chain\u2019s reach could take blockchain activity beyond crypto-native users and into mainstream financial markets.<\/p>\n<p>\u201cOne of the biggest crypto success stories in 2026 is the breakaway success of the Robinhood Chain L2 mainnet on July 1, built on Arbitrum,\u201d Lee said in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-77-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-3-billion-302823523.html\" target=\"_blank\" rel=\"nofollow\">Bitmine statement<\/a>.<\/p>\n<p>Lee initially cited more than $1 billion in dollar-denominated trading volume shortly after the launch. He argued that the activity demonstrated demand for applications built on Ethereum infrastructure.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">TOM LEE SAYS THE ROBINHOOD CHAIN IS THE BIGGEST CRYPTO SUCCESS STORY OF 2026<\/p>\n<p>He calls it a breakaway hit by every measure, cumulative volume, value locked, and addressable market:<\/p>\n<p>\u2013 Robinhood <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24HOOD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HOOD<\/a> is making this available to its 27 million users, a massive addressable market\u2026<\/p>\n<p>\u2014 Tom Lee Tracker (Not actually Tom) (@TomLeeTracker) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/TomLeeTracker\/status\/2086835621197189614?ref_src=twsrc%5Etfw\">August 10, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Robinhood Chain is an Ethereum Layer 2 developed using Arbitrum\u2019s technology. ETH serves as its gas token, while its transactions ultimately settle on Ethereum. That structure means greater activity on the network can generate additional demand for ETH, although only a fraction of Layer 2 fees flows directly to Ethereum.<\/p>\n<p>\u201cRobinhood Chain uses ETH as the native gas token. And transaction fees are denominated in ETH, and the finality is settled on Ethereum,\u201d Lee said. \u201cRobinhood\u2019s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money.\u201d<\/p>\n<p>The 27 million figure refers to Robinhood\u2019s wider customer base rather than the number of confirmed Robinhood Chain users. Robinhood reported 27.4 million funded customers at the end of the first quarter, up 1.7 million from one year earlier.<\/p>\n<p>Lee\u2019s argument is that Robinhood already has the distribution needed to introduce blockchain services to those customers. Actual adoption will depend on product availability, regulatory restrictions, and whether customers use the chain instead of remaining within Robinhood\u2019s traditional brokerage interface.<\/p>\n<h2 class=\"wp-block-heading\">Robinhood Chain records strong early activity<\/h2>\n<p>Network data provides some support for Lee\u2019s positive view. crypto.news previously reported that Robinhood Chain approached $9 billion in cumulative decentralized exchange volume within three weeks of its mainnet debut.<\/p>\n<p>The chain had accumulated $431 million in total value locked, close to $400 million in stablecoins and more than 250,000 daily active users, according to figures cited by FalconX. It was also processing about 6 million transactions per day.<\/p>\n<p>However, the composition of that activity presents a more mixed picture. Memecoins accounted for over 80% of cumulative DEX trading volume during the network\u2019s early weeks, while Robinhood designed the chain primarily for tokenized stocks, real-world assets and decentralized financial services.<\/p>\n<p>Temporary incentives may also have contributed to the surge. Robinhood waived gas fees during the network\u2019s first 90 days, reducing the cost of trading and potentially drawing short-term activity that may not continue once users must pay transaction fees.<\/p>\n<p>Liquidity was concentrated in a limited number of applications. Morpho emerged as one of the network\u2019s largest protocols after institutional deposits helped push locked value higher. Robinhood Earn, tokenized stocks and decentralized exchanges provided other sources of activity.<\/p>\n<p>Robinhood Chain generated more than $2 million in cumulative revenue during its opening weeks, with approximately $200,000 sent to the Arbitrum ecosystem. Under the Arbitrum Expansion Program, 10% of the network\u2019s net protocol revenue goes to Arbitrum, divided between its DAO treasury and developer funding.<\/p>\n<h2 class=\"wp-block-heading\">Tokenized stocks could connect finance with Ethereum<\/h2>\n<p>Robinhood launched the network with tokenized stocks as one of its main products. Eligible users can trade blockchain-based instruments linked to publicly traded companies around the clock and use them in supported decentralized finance applications.<\/p>\n<p>The company describes the network as infrastructure for bringing financial assets onchain. Along with tokenized equities, Robinhood Chain supports lending, borrowing, swaps and perpetual futures through third-party applications.<\/p>\n<p>Early holder data suggests Robinhood\u2019s distribution strategy is attracting retail participation. Its stock-token product reached approximately 328,000 holders after launching on July 1, giving Robinhood a 44% share of the tracked tokenized-equity market.<\/p>\n<p>Those holdings were worth only about $44 million, producing an average position of roughly $134 per holder. The gap between the holder count and total value indicates that Robinhood\u2019s early tokenization growth came from many small retail positions rather than a limited number of institutional accounts.<\/p>\n<p>The figure also counts blockchain addresses and does not necessarily represent unique verified users. Still, the distribution differs from tokenization platforms where a small number of institutions control most of the assets.<\/p>\n<p>For Ethereum, the potential benefit extends beyond transaction fees. Robinhood Chain gives users access to Ethereum-compatible wallets, smart contracts, stablecoins and lending markets. Customers who begin with a tokenized stock could later interact with other Ethereum-based assets and applications.<\/p>\n<p>It should be noted that this expansion is not guaranteed. Robinhood must convert existing brokerage customers into active blockchain users, while addressing risks involving smart contracts, token liquidity, custody and regulatory compliance.<\/p>\n<h2 class=\"wp-block-heading\">US users face limits on Robinhood Chain products<\/h2>\n<p>Robinhood\u2019s US presence makes its customer base central to Lee\u2019s adoption case, but several of the chain\u2019s products were unavailable to American users at launch.<\/p>\n<p>Robinhood introduced its Layer 2 mainnet with tokenized stocks in more than 120 countries. The company\u2019s disclosures said the new onchain stock tokens were not offered in the United States, Canada, the United Kingdom and several other restricted markets.<\/p>\n<p>The tokens provide economic exposure to underlying shares but do not grant legal ownership or beneficial rights in those shares. That difference may attract regulatory scrutiny, especially when tokenized assets cross jurisdictions or trade continuously outside conventional exchange hours.<\/p>\n<p>Perpetual futures offered through Robinhood Wallet were also unavailable in the US. American retail traders face tighter restrictions on offshore-style crypto derivatives, limiting their access to one of the network\u2019s main sources of trading activity.<\/p>\n<p>US customers can still gain indirect exposure to the company\u2019s blockchain strategy by holding Robinhood shares or using crypto products offered through its regulated domestic entities. However, the restrictions mean Robinhood cannot immediately connect its entire customer base to every feature Lee discussed.<\/p>\n<p>Robinhood shares traded near $93.67 on Aug. 10, little changed during the session, while Bitmine shares fell about 2.2% to $18.40. ETH traded near $1,625.<\/p>\n<p>Robinhood Chain\u2019s early volume, active-user figures and tokenized-stock adoption show that the network has attracted attention. Its longer-term importance to Ethereum will depend on whether activity remains strong after incentives end and whether Robinhood can expand compliant access to its mainstream customer base.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Chairman Tom Lee believes Robinhood Chain could become one of 2026\u2019s biggest crypto success stories by connecting the brokerage\u2019s 27 million customers with Ethereum-based financial services. Summary Lee called&hellip;<\/p>\n","protected":false},"author":1,"featured_media":34761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=36877"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36877\/revisions"}],"predecessor-version":[{"id":36878,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36877\/revisions\/36878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/34761"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=36877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=36877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=36877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}