Robinhood Chain Hits 7.6M Daily Transactions, Closing In on Base’s 9.2M Amid Gas Subsidy

Robinhood Chain is gaining ground fast. Just 11 days after its July 1 mainnet launch, the Arbitrum-based Ethereum Layer 2 processed 7.6 million transactions in a single day. That puts it within striking distance of Coinbase’s Base, which logged 9.2 million transactions the same day. The pace of that climb has caught the attention of on-chain analysts and HOOD stock investors alike, as Robinhood’s blockchain ambitions move from launch hype to live metrics.

Gas Subsidy Drives Explosive Growth on Robinhood Chain

The driver behind the numbers is deliberate. Robinhood is covering all network fees for users through the first 90 days of mainnet. That brings the cost of transacting to near zero, drawing in retail traders, DeFi participants, and memecoin activity that would otherwise stay on competing chains.

According to on-chain data made by MSBIntel and verified by Token Terminal, Robinhood Chain has 7.6M transactions per day, and its daily protocol fees were approximately $4,000. Base is still ahead with 9.2M. However, there is a convergence of the gap.

BREAKING: Robinhood Chain processed 7.6 million transactions yesterday, nearing Base’s 9.2 million, eleven days after mainnet, per Token Terminal.

Base users pay for every transaction; Robinhood covers gas on its chain through a 90-day subsidy, with daily fees near $4,000. pic.twitter.com/sWLM0yRV0z

— MSB Intel (@MSBIntel) July 10, 2026

BREAKING: Robinhood Chain has nearly matched Base's daily transaction count in just 1.5 weeks.

Yesterday, Robinhood Chain processed 7.6 million daily transactions, compared with 9.2 million on Base.@vladtenev vs. @brian_armstrong game is on! pic.twitter.com/m4GqyMXzwD

— Token Terminal 📊 (@tokenterminal) July 10, 2026

Additionally, Robinhood Chain’s Base single-day volume exceeded $500 million as it took over the number 2 position among Uniswap deployments. Ethereum mainnet was the only one higher. Robinhood earlier flipped Base to No. 2 Spot on Uniswap, Trails Only Ethereum, a milestone that signals real liquidity activity, not just speculative churn.

The growth curve is similar to that of Base, which had been subsidizing fees, built on an established user base, and integrated with DeFi apps on day one, like Uniswap and Chainlink. Robinhood Chain adds one variable that Base was missing in its launch: direct access of 23 million brokerage users and tokenized equities that are live in more than 120 countries.

HOOD Stock Watchers Track L2 Metrics as Tokenized Finance Race Heats Up

Every meaningful step taken on the chain by Robinhood has had a bearing on HOOD stock prices. The first Layer 2 announcement has caused the stock price to rise 10%.

The Robinhood agentic trading launch drove a slight 7% spike in the HOOD stock price after transactions on Robinhood Chain surged, continuing the same point as the launch that Robinhood is shifting from a brokerage to an on-chain financial infrastructure company.

Chainlink’s 95 tokenized stocks, which currently include NVDA, AAPL, and GOOG, were powered by Uniswap’s liquidity, Morpho’s lending, and Chainlink’s oracle pricing. Earlier this week, Robinhood announced a Layer 2 blockchain on Arbitrum.

The price of HOOD stock surged ~10% after the initial Robinhood Chain L2 announcement, which brought significant early investor excitement and provides context for the market’s pricing of the buildout. As of the July 10, 2026 close, HOOD traded at $111.97, down 2.73% on the day.

Sustainability questions remain. This 90-day gas subsidy will expire at the end of September 2026. In April 2026, FalconX estimated its Robinhood Chain would collect approximately $1.1 million in fees in six months, but the subsidy is stopping this.

Once free gas runs out, volume will reset again, and the long-term traction will depend on real-world asset flows being greater than the memecoin spike during the launch week.

Next is early August with its Q2 2026 earnings, which will be the first to include live mainnet activity. That report will be pivotal for investors in determining whether Robinhood Chain’s early buzz is reflective of the infrastructure revenue narrative of the market.

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