Robinhood Chain hits 11.6 million daily transactions as USDe fuels TVL growth

What happened

Robinhood Chain recorded 11.6 million daily transactions and saw its total value locked (TVL) increase, even though the number of active users stayed roughly the same.

Confirmed

Global impact / market context

More transactions and higher TVL mean the chain is being used more intensively, which can raise fee revenue and make the platform more attractive to developers and investors.

Analyst inference

The growth comes as many other blockchain networks experience flat or declining activity, highlighting Robinhood Chain’s relative strength in a market where user growth is generally sluggish.

Analyst inference

What to watch

1. Changes in the number of active wallets on Robinhood Chain, which will show whether user growth eventually catches up with rising transaction volume. Proposed
2. Trends in total value locked (TVL) on Robinhood Chain, since continued TVL growth could signal deeper capital commitment from users. Proposed
3. Adoption of USDe, the stablecoin driving TVL growth, because broader usage could further lift both transaction volume and locked‑up value. Proposed

Evidence

• theblock.co