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Robinhood Chain TVL Surpasses $213.93 Million on July 8, Driven by Morpho and Ethena

2026-07-09 06:02:32

MORPHO-2.13%

ENA5.21%

SPK3.13%

UNI5.96%

According to Entropy Advisors, Robinhood Chain's total value locked (TVL) surpassed $213.93 million as of July 8, with the layer-2 blockchain's ecosystem showing rapid liquidity inflows since early July. Morpho leads with $77.78 million (36.4% of TVL), followed by Ethena with $59.30 million (27.7%), while Spark, Robinhood's own protocol, Uniswap, and other DeFi protocols comprise the remainder. The two dominant protocols account for over 64% of total TVL, signaling strong early ecosystem adoption.

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In-Depth Analysis

Base Network TVL Crosses $2 Billion in Layer-2 Competition

Daniel Carter12h ago

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