Robinhood Chain TVL Surpasses $1 Billion

Crossing $1 billion in TVL puts Robinhood Chain into a different conversation: it is no longer just a brokerage's experiment but a venue holding meaningful user capital onchain. The audience affected is the retail base Robinhood already owns, whose assets now sit in a network the company controls end-to-end — a concentration worth noting. The open question is whether this reflects durable, sticky deposits or a one-off inflow, and how much of the TVL is native activity versus bridged or incentivized capital.