Alchemy CEO Nikil Viswanathan announced on X on July 21 that Robinhood Chain, just two weeks after going live, has climbed to No. 1 on Electric Capital’s real-time developer activity rankings; as of the time of reporting, it remains number one on the leaderboard. According to research from Bernstein, TVL exceeded $323 million.
Electric Capital Leaderboard Data: Alchemy CEO Announces the Top Spot
According to an announcement by Alchemy CEO Nikil Viswanathan on X on July 21, 2026, Robinhood Chain “has just taken the No. 1 spot.” Electric Capital’s real-time developer activity dashboard monitors the number of active open-source developers on a monthly basis; the data is based on a rolling code-contribution window over the past 28 days. Unlike rankings based on GitHub star counts or community-media buzz, this leaderboard evaluates projects from the perspective of developers’ actual code contributions. Because many developers contribute to multiple blockchain projects at the same time, the ranking reflects the overall direction of development work rather than the level of single-project focus. As of the time of reporting, Robinhood Chain is ranked first among the blockchain ecosystems monitored in the leaderboard.
Early Data for Robinhood Chain
According to data disclosed by Johann Kerbrat on July 14, as well as Bernstein’s research report, the early operational metrics for Robinhood Chain, launched in less than two weeks, are as follows:
Number of trades: more than 52.5 million trades (as of July 14)
Number of addresses: close to 1 million addresses (as of July 14)
Total value locked (TVL): more than $323 million (Source: Bernstein research)
DEX weekly trading volume: more than $3 billion
Daily trading volume: surpassing Coinbase’s Base
Daily active wallets: surpassing other EVM chains
Technical Foundations and Partners: EVM-Compatible, Running on Arbitrum Technology
Robinhood Chain’s rapid developer adoption has been attributed to its technology architecture choices: full EVM compatibility allows Ethereum developers to port existing solutions without starting from scratch; running on Arbitrum technology also inherits the maturity of established L2 infrastructure.
On the partner side, the addition of Alchemy, BitGo, Chainlink, and Uniswap provides developers with a wide range of infrastructure that is immediately ready for use. Robinhood itself has nearly 28 million users across 38 countries/regions, giving developers a direct way to reach a large potential user base.
In addition, Robinhood Chain stock tokens have been launched in roughly 120 countries/regions; eligible U.S. users can earn interest of about 7% on the USDG stablecoin through the Morpho lending protocol.
FAQ
When will Robinhood Chain launch, and how quickly will it reach the No. 1 spot on Electric Capital’s leaderboard?
Robinhood Chain launched its public mainnet in London on July 1, 2026. Less than two weeks later, on July 21, Alchemy CEO Nikil Viswanathan announced that it had taken the No. 1 spot on Electric Capital’s real-time developer activity rankings.
What are the key early metrics for Robinhood Chain as of July 14?
According to Johann Kerbrat’s disclosure and Bernstein’s research, as of July 14, the key metrics were: more than 52.5 million transactions, close to 1 million addresses, TVL exceeding $323 million, and DEX weekly trading volume exceeding $3 billion.
What technologies does Robinhood Chain adopt, and who are its main partners?
Robinhood Chain is fully compatible with the Ethereum Virtual Machine (EVM) and runs based on Arbitrum technology. Its main partners include Alchemy, BitGo, Chainlink, and Uniswap; Robinhood itself has nearly 28 million users across 38 countries/regions.
