In the first week since its launch, the ETH bridged to the Robinhood Chain has exceeded 70 million dollars

According to Cointelegraph, in the first week since the launch of Robinhood Chain, the amount of Ethereum bridged to the chain has exceeded $70 million. Data from Token Terminal shows that the daily active users of Robinhood Chain reached 194,000, with daily revenue increasing to $39,000, resulting in an annualized revenue run rate of approximately $14 million.

Data from DefiLlama indicates that its total locked value is 46,748 ETH (approximately $83 million), with a single-day inflow on July 9 reaching 31,855 ETH (approximately $55 million). Uniswap founder Hayden Adams stated that most transactions on Robinhood Chain are priced in ETH, which is the primary trading pair, the asset with the highest trading volume, and the Gas token for the chain, while ETH is consumed through Layer 1 to pay for data storage fees. Analysts believe that ETH as the Gas token for the chain will create a sustained circular demand.