Robinhood Chain Onboards 6.3M Wallets, and $ETH's Quietest Adoption Wave Yet Is Anything But Quiet 📈

Robinhood's Layer-2 network has crossed 6.3 million cumulative wallets, overtaking Coinbase's Base to become the largest rollup by user count on a weekly basis, according to on-chain data cited by CryptoNews. The milestone positions Robinhood Chain at the front of what CryptoNews described as Ethereum's biggest user onboarding wave to date, with weekly active addresses on the network climbing steadily since mainnet launch.

The rollout is anchored by Robinhood's tokenized equity and ETF products built on Arbitrum Orbit, which now process the bulk of trading activity on the chain. CryptoNews reported that tokenized U.S. stocks on the platform account for the majority of weekly transactions, drawing retail users in through familiar equity tickers rather than native crypto pairs. That product mix, the outlet noted, has translated into consistent wallet creation despite a broader slowdown in Layer-2 activity across the sector.

Network economics are also shifting in tandem. Average transaction fees on Robinhood Chain have remained below one U.S. cent for most of the past month, a level CryptoNews flagged as materially cheaper than competing rollups processing comparable retail volume. Ethereum, by contrast, saw average Layer-1 gas prices in the range of $0.05 to $0.10 over the same window, underscoring the cost delta driving the migration of tokenized assets and their associated wallet sign-ups to Layer-2 rails.

Industry participants cited in the report pointed to the hybrid regulatory profile of tokenized equities as the catalyst. Tokens tied to U.S. stocks inherit the licensing and surveillance framework of their underlying securities, a structure CryptoNews noted has reduced onboarding friction for users who already hold brokerage accounts with parent firm Robinhood Markets. The result, per the data, is a user base skewed toward retail rather than the DeFi-native cohorts that dominated earlier Ethereum onboarding cycles.

Ethereum itself remains the settlement layer for the chain, with Robinhood posting batches to mainnet through standard Arbitrum Orbit contracts. CryptoNews emphasized that the onboarding surge has not yet produced a proportional lift in $ETH spot price, and the article contained no projection, target, or forward-looking guidance on valuation. Figures, wallet counts and fee data referenced in this report are drawn directly from CryptoNews's coverage, and no financial advice is offered.