Robinhood executive: Robinhood Chain's position is to balance formal financial products with meme coins

Comparing news, according to Decrypt, Johann Kerbrat, head of Robinhood's crypto business, said in an interview that Robinhood Chain performed strongly in the month it went live. He pointed out that the chain's position is to balance formal financial products (tokenized stocks, derivatives) with meme coins — this is exactly what CEO Vlad Tenev's “Two Wolves” post expressed. One month after its launch, Robinhood Chain's total hedged volume (TVL) is close to $800 million and has processed more than 200 million transactions.

Kerbrat said Ethereum Layer-2 was chosen to focus resources on product development while relying on existing security and decentralization. Robinhood's ultimate goal is to reach users who have never used cryptocurrency, rather than competing with other chains for existing users. “If we could see tens of millions of customers try this chain, that would be a huge success for us.”