Robinhood executive: The positioning of Robinhood Chain is to balance traditional financial products with meme coins

According to Decrypt, Robinhood's head of cryptocurrency business, Johann Kerbrat, stated in an interview that Robinhood Chain has performed strongly in its first month. He pointed out that the chain is positioned to balance traditional financial products (tokenized stocks, derivatives) with meme coins—this is exactly what CEO Vlad Tenev expressed in his "two wolves" post. One month after its launch, Robinhood Chain's total value locked (TVL) has approached $800 million, processing over 200 million transactions.

Kerbrat stated that the choice of Ethereum Layer-2 was to concentrate resources on product development while relying on existing security and decentralization. Robinhood's ultimate goal is to reach users who have never used cryptocurrency, rather than competing for existing users with other chains. "If we can see tens of millions of customers trying to use this chain, that would be a huge success for us."