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Robinhood Chain pushes beyond memecoins with gold and FX perpetuals
Robinhood Chain reported about $878 million in decentralized exchange volume on July 12, and it says about $734 million has been bridged onto the network while $211 million is active in lending and yield products.
Robinhood is trying to convert 27.6 million funded customers into an onchain distribution advantage as Robinhood Chain expands past its early burst of memecoin trading, according to Yahoo Finance.
The Ethereum layer-2 network generated about $878 million in decentralized exchange volume on July 12, briefly overtaking Base and Ethereum, while activity was driven more by speculative tokens than by tokenized stocks and exchange traded funds that anchored Robinhood's original pitch.
The story points to a capital build-up on the network, with roughly $734 million bridged onto Robinhood Chain and about $211 million active across lending pools and yield products. It also cites derivatives activity differences, with Robinhood Chain processing about $5.9 million in perpetual futures volume on July 13 versus $8.9 billion on Hyperliquid over the same period.
Robinhood says it is not aiming to pull existing crypto traders away from established venues, and it is rolling out access to gold, silver, foreign exchange, and crypto perpetuals through Lighter inside Robinhood Wallet. The company is also positioning the chain for 24-hour stock token trading, onchain lending, and other real-world asset products, and the article frames the key challenge as sustaining usage beyond memecoins.
Latest closeGold $3,981.40 ▼1.6%|Silver $55.72 ▼2.4%|Ethereum $1,858.62 ▼0.1%