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Robinhood Chain tops $431 million in TVL in under three weeks

The Block says Robinhood Chain added 250,000 plus daily users while memecoins made up 80% of its $9 billion DEX volume.

Reported · Written up by our desk · Market Structure

Robinhood Chain has reached more than $431 million in total value locked, according to The Block, and it did so in less than three weeks.

The network is also drawing heavy usage, with The Block citing 250,000 plus daily users over that same period.

Despite the rapid growth, The Block notes that memecoins are responsible for 80% of Robinhood Chain's $9 billion decentralized exchange, or DEX, volume.

FalconX characterizes real-world assets as a key differentiator for the space, in The Block's account of the development.

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