Crypto
Home›Crypto›Market Structure›Robinhood Chain reaches $568 million in daily trading…
Robinhood Chain reaches $568 million in daily trading volume
In its first week, the Arbitrum-powered network logged 17 million transactions and about $250 million in protocol TVL, with stablecoin balances topping $260 million.
Decrypt reports that Robinhood Chain, which runs on Arbitrum, quickly became one of the busier networks in crypto, processing $568 million in trading volume on Wednesday and topping $350 million more by Thursday.
The outlet said the network recorded more than 5.2 million transactions and 213,000 active addresses over a 24-hour period, and it cited first-week totals of over 17 million transactions, nearly 350,000 addresses, roughly $250 million in protocol TVL, and over $1 billion in DEX volume.
Decrypt added that Robinhood Chain’s TVL exploded from near zero to about $94 million, with stablecoin balances climbing past $260 million. On DefiLlama, it said the chain’s 24-hour DEX volume of around $433 million ranks fifth among blockchains, ahead of Hyperliquid.
The report also connected the activity to memecoin demand, listing tokens such as Cash Cat and Robinhood-themed coins, and noted that ARB jumped 20% after Robinhood Chain began routing 10% of its net protocol revenue back to the Arbitrum ecosystem. It added that OpenSea saw an influx of volume and users for trading Robinhood memes earlier this week.