In two months after its July 1, 2026 launch, Robinhood Chain reached $791 million TVL, overtook Base in daily active users, and briefly generated more daily revenue than Solana. Its tokenized-stock trading and Pons launchpad drove massive volume, aided by a 90-day gas subsidy that ends Sept. 29. The platform’s long-term viability depends on post-subsidy retention, sustained tokenized-stock activity, and third-party developer adoption.