Robinhood Chain achieved a major success by reaching over $700 million worth of on-chain assets only three weeks after its launch.
Robinhood, the giant name in the finance world, continues to strengthen its presence in the crypto ecosystem with its own blockchain network. According to data shared by Entropy Advisors, Robinhood Chain recorded massive growth in just three weeks, rapidly increasing the total amount of assets. This surge once again shows how much traditional finance users are interested in the world of decentralized finance (DeFi).
Looking at the distribution of assets on the network, it appears that a significant portion—around $430 million—consists of stablecoins. Approximately $500 million of the total assets are actively used in various DeFi protocols. In particular, the Morpho protocol stands out as the most widely preferred platform on the network, with $200 million in deposits. Through Steakhouse Financial, users can earn an annual return of roughly 7% on this protocol.
Robinhood Chain and DeFi Integration
The shared up-to-date chart data shows that, starting from the end of June, the network’s total value locked (TVL) has gained a vertical upward momentum. In particular, with the beginning of July, the share of protocols such as Morpho, Ethena, and Uniswap in this growth has clearly increased. Robinhood’s most strategic move in this process was integrating the Morpho protocol directly into its main application.
Thanks to this integration, users can execute transactions directly through the main application without needing a separate wallet app. The streamlined user experience makes it easier for broader audiences to access crypto assets by removing complex technical processes. This growth trend, which accelerated from mid-July, sends strong signals that the network may attract more liquidity in the coming period.
