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Robinhood Chain Rockets to 147M Transactions, Beating Base and BSC by Massive Margins

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Key Takeaways:

  • Robinhood Chain made headlines for its achievement of becoming the fastest EVM based network to reach 100M+ transactions.
  • Transacting around 147 million transactions over the initial 85 days, the network is charging ahead of its rivals.
  • During similar public soft caps, Base, zkSync, BSC, Linea, and Mantle had much fewer transactions overall.

Few blockchain networks can claim to have achieved such a milestone in such a short period of time as Robinhood Chain. Early activity across the network has been exceptionally high, thanks in part to having the world’s fastest EVM-compatible chain cross the 100 million transaction mark, according to data shared by Robinhood CEO and Co-Founder Vlad Tenev.

Read More: Robinhood Chain Hits $2.1M Revenue, Captures 30% of RWA Market in Explosive Onchain Growth

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Robinhood Chain Dominates Early Transaction Growth

The first 85 days after launch compared to other major blockchain networks indicates that Robinhood Chain stands out from the pack.

The network handled a margin more than seven times greater than Base did, with approximately 147 million cumulative transactions. The number of transactions topped by Base was about 20 million, followed by zkSync with 13 million and BSC with 11 million. Linea took care of about 10 million transactions, while Mantle did the same for approximately 10 million transactions.

The difference becomes even more noticeable when compared with earlier generations of blockchain infrastructure. Arbitrum and Polygon handled approximately 221,000 transactions and 53,000 transactions respectively while Ethereum had approximately 457,000 transactions within the first 85 days.

These figures put Robinhood Chain ahead of other EVM launches.

Read More: Robinhood’s AI Crypto Trading Push Arrives as Robinhood Chain Tops $1B DEX Volume

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A New Challenger in the EVM Ecosystem

Robinhood Chain’s launching took place under a well-known and established financial technology brand as opposed to many others that are spending years building awareness and attracting users. Network activity and uptake seem to have picked up even from the beginning.

The milestone also coincides with the increased competition in the EVM networks. Capital is still flowing in and out, while developers and users persist in swarming around chains looking for the best ecosystem and cheaper, faster trips.

More Than Just a Transaction Record

Though it does not mean that you’re making more transactions, it can certainly be a sign of the network’s initial usage and engagement.

Robinhood Chain’s achievement of surpassing the 100M transaction mark within three months is an indicator that it has indeed generated significant on-chain activity at a pace uncommon among EVM compatible networks. During the same time frame, the total number of transactions is nearing 147 million, a further blow to the market narrative.

The post Robinhood Chain Rockets to 147M Transactions, Beating Base and BSC by Massive Margins appeared first on CryptoNinjas.


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