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Robinhood Chain sees $878M DEX volume but tokenized assets stay small

On July 12, Robinhood Chain generated $878 million in 24-hour DEX volume, but only $211 million of $734 million bridged was deployed in lending or yield.

Reported · Written up by our desk · Market Structure

Robinhood is pushing its new blockchain, Robinhood Chain, to bring its more than 10 million active users into onchain finance, but early usage has skewed heavily toward speculation, according to CoinDesk. CoinDesk reports that Robinhood Chain generated about $878 million in 24-hour decentralized exchange volume on July 12, briefly overtaking Base and Ethereum on DefiLlama data and drawing comparisons with larger crypto networks.

However, the chain’s activity so far has not matched its tokenization goals. Of the $734 million bridged onto the network, only $211 million is deployed in lending or yield products, while the tokenized real-world asset market remains limited at $12.66 million.

The mismatch also shows up in derivatives usage. CoinDesk says Robinhood Chain processed $5.9 million in perpetual futures on July 13, compared with Hyperliquid’s $8.9 billion on the same day, and that the tokenized assets pitch still appears small relative to memecoin volumes like CASHCAT, which peaked at $156 million.

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