Robinhood Chain Holds Near $1 Billion Secured While Its Tokenized Assets Total $27.6 Million

A memecoin worth $86 million now carries more value on the network than the real-world assets the chain was built to host.

Robinhood's layer-2 network has grown quickly by one measure and barely at all by the one that matches its stated purpose. L2Beat puts total value secured at $993.4 million, up 22.1 percent over seven days, at a moment when Base fell 0.5 pe…