Robinhood Chain tops $700M in onchain assets three weeks after debut; $430M held in stablecoins
AI Market Summary
Robinhood's new chain reportedly reached ~$700M in onchain assets within three weeks, including ~$430M in stablecoins and ~$500M deployed across DeFi. The scale and speed of deposits signal strong early user traction and balance-sheet/product fit for on-app DeFi access, particularly via Morpho integration. Near-term, this supports a constructive read-through for Robinhood's crypto and onchain revenue potential and broader exchange-linked risk appetite.
Impact level
● Medium
Affected assets
NCSKHOOD2USD/USDT+6.71%
AI Insight · NCSKHOOD2USD/USDTAI Insight
▲ Bullish
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Robinhood Chain has amassed roughly $700 million in onchain assets just three weeks after its launch, Entropy Advisors said. The total includes about $430 million in stablecoins.
About $500 million is currently deployed across DeFi protocols. Around $200 million is allocated to Morpho, generating an estimated 7% yield via Steakhouse Financial.
Morpho is integrated directly into Robinhood's main app, allowing users to access the product without using a separate Robinhood Wallet.
