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Robinhood Chain's ETH bridging spikes but free gas fees raise questions on sustained growth.

Market News
14 Jul 2026
Benzinga
View Source
Neutral
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Robinhood launched its Chain's public mainnet on July 1, 2026, quickly reaching over $70 million in ETH bridged and nearly 193,000 daily active wallets. However, Robinhood is subsidizing gas fees for 90 days, making early usage artificially high. The real test will come in October 2026 when users start paying fees, revealing if the activity is sustainable or just a temporary boost. Experts note that while Robinhood Chain's use of ETH for gas supports Ethereum demand, the broader Layer 2 narrative remains complex and evolving.

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