Robinhood Chain DEX Volume Rebounds to $638 Million
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7 Articles
Robinhood Chain Surges Past $431M TVL in Under Three Weeks, Though Memecoins Dominate Usage
TL:DR: The network recorded over $431 million in Total Value Locked (TVL) and neared $400 million in stablecoin market capitalization in less than three weeks of operation. Cumulative volume on decentralized exchanges (DEXs) approached $9 billion, with more than 80% coming from memecoin trading. The infrastructure processes an average of approximately 6 million daily transactions and counts over 250,000 daily active users. Since its launch on J…
Robinhood Chain Crosses $700M Onchain Assets Just Three Weeks After Launch
The post Robinhood Chain Crosses $700M Onchain Assets Just Three Weeks After Launch appeared first on Coinpedia Fintech News Robinhood Chain isn’t wasting time trying to prove its relevance. Just three weeks after launch, the Ethereum-compatible Layer 2 has already accumulated around $700 million in onchain assets, signaling that Robinhood’s push to bring traditional finance onchain is gaining early traction. Built on Arbitrum technology, Robinh…
How Robinhood Chain’s 10M Daily Transactions Boost Arbitrum
Key Takeaways Robinhood Chain reached roughly 10 million daily transactions within three weeks of its July 1 mainnet launch. The chain routes 10% of protocol net revenue to the Arbitrum ecosystem: 8% to the DAO treasury, 2% to the Developer Guild. A 90-day gas subsidy is driving activity, keeping current fee revenue minimal until it expires in late September. Early volume is dominated by memecoins and DeFi rather than the tokenized stocks the c…
Robinhood Chain Reaches $700M In Assets Within 3 Weeks Strong
Robinhood Chain has reached approximately $700 million in on-chain assets just three weeks after launch, with stablecoins accounting for about $430 million. The early growth highlights increasing retail access to DeFi products through Robinhood's main app and points to growing interest in integrated on-chain financial services.
Robinhood Chain approaches USD $9 billion in DEX volume just three weeks after its launch, although memecoins concentrate most of the activity and tokenized assets are still advancing slowly. *** Robinhood Chain accumulated USD $431 million in total value blocked and almost $400 million in capitalization of stablecoins during its first three weeks. Memecoins generated more than 80% of the DEX volume, although Robinhood presents the network as in…
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