Robinhood Chain Surge: Over $70M in ETH Bridged in Debut Week
Robinhood’s new Layer-2 network has achieved a massive milestone, seeing over $70 million in Ether (ETH) bridged during its very first week of operation. Built on Arbitrum, the Robinhood Chain is rapidly establishing itself as a high-liquidity environment for institutional-grade assets.
Industry analysts from Token Terminal suggest that this rapid adoption could create a substantial new source of demand for ETH. By positioning itself as an AI-native network purpose-built for real-world assets (RWA), Robinhood is bridging the gap between traditional finance and decentralized liquidity.
The Robinhood Chain has seen an explosive start, with over $70 million in ETH bridged to the network in just its first week, according to Token Terminal. The network, an EVM-compatible Arbitrum-based Layer-2 that utilizes ETH as its native gas token, launched on July 1 with a specific focus on being 'AI-native and purpose-built for real-world assets.'
Tim Sun of HashKey Group noted that Robinhood’s strategic choice to leverage Ethereum solidifies its role as the 'ultimate settlement layer and liquidity foundation for tokenized assets.' As adoption scales, analysts warn that the chain could evolve into a meaningful new driver of demand for the Ethereum ecosystem.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at CoinTelegraphSupport Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
Crypto Surge: Robinhood Chain Debuts as Circle Soars 10% Following Banking Win
As these institutional giants consolidate their power, the regulatory clock is ticking with the release of a new draft of the Clarity Act. The convergence of Robinhood's network expansion and Circle's regulatory triumph suggests a tightening bond between traditional finance and decentralized technology, setting the stage for significant market volatility and growth.
Itaú Joins Global Banking Elite to Test Swift's Tokenized International Payments
This move comes at a critical time amidst the rapid advancement of digital money initiatives and real-world asset (RWA) integration. By participating in this Swift test, Itaú is not only seeking operational efficiency but is also preparing for the deep integration between classic banking infrastructure and the blockchain-based economy, anticipating the next wave of financial digitalization.
Polymarket Predicts 99% Certainty: Bitcoin to Hold Above $60K Amid Geopolitical Oil Risks
Geopolitical friction in the Strait of Hormuz, driven by renewed US-Iran tensions, has disrupted oil traffic and sent energy prices surging. This spike in oil prices threatens to reignite inflation concerns and complicate interest rate trajectories, presenting a high-stakes environment where Bitcoin's resilience is being tested against macroeconomic volatility.
XRP Price Predictions, SHIB in Flames, and ETH Outlook: July 10 Crypto Recap
As SHIB faces significant downward pressure, the broader impact on ETH and the altcoin market remains a focal point for strategic positioning. This recap provides the essential context needed to interpret recent price action and market sentiment across these major assets.
Prison Break via Blockchain? Jailed Fraudster Charged with Moving $290K in Forfeited Crypto
This development underscores the ongoing battle between regulatory authorities and sophisticated bad actors using blockchain technology. As authorities struggle to secure seized digital assets, this case serves as a stark reminder of the technical loopholes and security vulnerabilities that exist within the current framework of crypto asset forfeiture and prison management.
Cryptoquant CEO to Bitcoin Holders: 'Hang in There, Bullish Opium is Coming'
This outlook stems from the on-chain analytics firm's deep dive into network data, suggesting that the current phase is merely a precursor to intense optimism. For crypto investors, the message is clear: the upcoming market cycle could trigger a period of massive euphoria and rapid price appreciation for Bitcoin.
