Robinhood: L2 Mainnet Activity Surges

Robinhood launched its L2 mainnet more than 1.5 months ago.

The network has been actively promoted in X and is benefiting from a strong meme and NFT season.

Reported metrics include $800.77M TVL, $868.22M stablecoin capitalization, $196.32M in RWA, $4.45M in network fees over 24h, and $4.01M in network revenue over 24h.

Application revenue reached $4.32M in 24h, while application fees were $19.12M.

Trading activity is also high, with $1.396B in 24h DEX volume and $304.64M in perps volume.

The message notes that new meme launches reaching $30M-$70M market caps within a day are becoming normal on the chain, reflecting deep liquidity and sustained activity.