Robinhood Chain has surpassed $1.14 billion in total value locked as of October 22, 2026, according to DefiLlama, after Robinhood Crypto confirmed that its tokenized stock assets can now be used as collateral on Morpho. The network's stablecoin market capitalization reached $1.079 billion, with USDG representing 65.67% of that liquidity. Active real-world assets stood at $331.64 million.
Morpho’s Robinhood Chain deployment recorded approximately $1.1 billion in total deposits and $484.3 million in active loans, leaving a protocol TVL of $606.9 million. The new credit markets allow collateral pairs including NVDA/USDG, GOOGL/USDG, and AAPL/USDG with a liquidation loan-to-value limit of 62.5%. Stablecoin vaults such as USDe/USDG and syrupUSDG/USDG use a 91.5% liquidation threshold. Decentralized exchange volume on the network reached $890.62 million over 24 hours and $6.139 billion over seven days, a 6.72% weekly contraction.
Robinhood Chain launched publicly on July 1 as an Arbitrum Layer 2. Its Stock Tokens are debt instruments issued by Robinhood Assets (Jersey) Limited, offering economic exposure without corporate voting rights. Chainlink provides 24/5 price feeds with multipliers for corporate actions such as dividends or stock splits. The assets are not registered under U.S. securities laws and are restricted for investors in the United States, Canada, the United Kingdom, and Switzerland. Arkham added tracking on October 19 and identified more than 35 million transactional address tags.
Morpho also amplified commentary from Johann Kerbrat, who highlighted the potential of Stock Tokens onchain to attract DeFi users and expand borrowing activity. Morpho currently manages around $2.8 billion in USDC deposits.
