Robinhood Chain did $570M in daily volume yesterday on just $21.68M in TVL. That’s a 26:1 ratio. Most established DEXs sit closer to or below 1:1.

People are already saying the volume will be dead in two weeks. And based on how every other L2 launched in the last two years, they're probably right about the memecoin part.
Base, Blast, Scroll, Mode. Same pattern every time. Big launch, memecoin rush, attention leaves, volume drops sharply within weeks.
But none of those chains launched with 95 tradeable stock tokens. None had a zero‑fee stock‑token DEX built by the dYdX team. None had a lending product offering around 7% APY with Lloyd’s insurance on smart contract risk. And none had nearly 28 million funded Robinhood accounts sitting one bridge away.
The memecoin volume will probably fade. That's what memecoin volume does on new chains. The real question is what the floor looks like once it does. And that depends entirely on whether the stock tokens, the perps, and the lending products find real users over the next month.
The people calling for dead volume are pattern‑matching against every other L2 launch. What they might be missing is that Robinhood Chain wasn’t built for memecoins. The memecoins showed up on their own. If the stock tokens, perps and lending products actually work, the chain doesn’t live or die on meme season.