According to Decrypt, Johann Kerbrat, the head of Robinhood's encryption business, stated that Robinhood Chain has performed strongly in its first month of launch, with a total lock up volume (TVL) of nearly $800 million and processing over 200 million transactions. Johann Kerbrat pointed out that Robinhood Chain is positioned to balance legitimate financial products with Meme coins, and choosing Ethereum Layer-2 is to focus resources on product development while relying on existing security and decentralization.
