Everything Blockchain (OTC: EBZT) entered into a commercial agreement with PAYDAY, a protocol on Robinhood Chain, to integrate a tokenized stock distribution system. Qualifying token holders will receive automated tokenized stock payouts every Friday through Robinhood Chain's blockchain infrastructure. The partnership enables Everything Blockchain to streamline equity-based incentive delivery while supporting broader adoption of tokenized financial assets, reflecting growing industry efforts to incorporate tokenized securities into blockchain-based financial ecosystems.
Everything Blockchain Partners with PAYDAY for Automated Tokenized Stock Distributions
Under the agreement, Everything Blockchain established a technical and operational framework that enables weekly distributions of tokenized stocks through Robinhood Chain's blockchain infrastructure. The arrangement allows Everything Blockchain to deliver equity-based incentives directly through the network, with automated payouts scheduled every Friday for eligible participants.
The companies expect the arrangement to simplify reward distribution while reducing operational complexity associated with traditional payment mechanisms. By leveraging Robinhood Chain's infrastructure, Everything Blockchain aims to improve the efficiency of distributing equity-linked rewards.
Robinhood Chain Surpasses Base in Daily Active Users on July 21
Robinhood Chain surpassed Base in daily active users on July 21, recording 323,969 active users compared with Base's 274,520, according to data compiled by blockchain analytics platform Artemis. The network previously exceeded Base in daily active users on July 11 before temporarily relinquishing the lead between July 16 and July 20.
Daily active users increased from only a few hundred users in late June to more than 320,000 by July 21, following the public launch of Robinhood Chain's mainnet on July 1. The growth demonstrates rapid adoption within less than a month after public deployment.
Robinhood Chain reached a record total value locked (TVL) of approximately $588.9 million on July 21, representing an increase of roughly $74 million, or about 14%, from the previous day, Artemis reported. Prior to the mainnet launch, the network's TVL remained below $5 million.
DeFi Protocols Drive $588.9 Million Total Value Locked on Robinhood Chain
Lending protocol Morpho accounts for the largest share of assets secured on Robinhood Chain, followed by Ethena, Uniswap, Maple, Lighter, Robinhood Stock Tokens, and Arcus, according to Artemis data. These protocols collectively contribute to the chain's expanding decentralized finance ecosystem.
Robinhood Chain exceeded Base in 24-hour decentralized exchange spot trading volume, recording approximately $624 million compared with Base's $603 million, according to DefiLlama. The network also generated substantially higher blockchain transaction fees during the same period.
Stablecoin circulation on Robinhood Chain reached approximately $438.8 million, reflecting continued growth in on-chain liquidity following the mainnet rollout, DefiLlama reported. Capital inflows continued through the network's canonical bridge.
Base maintains a substantially larger ecosystem across several broader metrics, with its decentralized finance TVL, stablecoin supply, and perpetual futures trading volume remaining considerably higher than Robinhood Chain's.
Tokenized Stock Tokens Reach Record Market Capitalization and Holder Count
Robinhood Chain launched as a Layer-2 blockchain built using Arbitrum Orbit technology with a focus on tokenized real-world assets. The network launched alongside Robinhood's Stock Tokens product on July 1, which provides tokenized equity exposure to users across more than 120 countries.
Robinhood Stock Tokens achieved record levels in both tokenized market capitalization and holder count on July 21, Artemis reported. Memecoin trading accounted for much of the network's transaction activity since launch, while tokenized equities continue to expand.
FAQ
What did Everything Blockchain announce on Robinhood Chain?
Everything Blockchain (OTC: EBZT) entered into a commercial agreement with PAYDAY to integrate a tokenized stock distribution system on Robinhood Chain. Qualifying token holders will receive automated tokenized stock payouts every Friday through the blockchain infrastructure.
How many daily active users did Robinhood Chain record on July 21?
Robinhood Chain recorded 323,969 daily active users on July 21, surpassing Base's 274,520 users, according to blockchain analytics platform Artemis. The network's mainnet launched publicly on July 1.
What is the total value locked on Robinhood Chain?
Robinhood Chain reached a record total value locked of approximately $588.9 million on July 21, representing an increase of roughly $74 million from the previous day, according to Artemis data.
