Robinhood Chain’s DEX trading volume surpassed $1 billion within one week of going live, placing it in the top five in the industry

BlockBeats, July 10 — Robinhood Chain launched on the Robinhood Chain and rapidly became one of the most active public chains in the crypto market within just a week.

According to official data, Robinhood Chain processed more than 17 million transactions in its first week, with active addresses nearing 350k. The protocol’s TVL is about $250 million, and DEX cumulative trading volume has surpassed $1 billion. Among them, on Wednesday, daily trading volume reached $568 million; 24-hour DEX trading volume was about $433 million, already surpassing Hyperliquid to rank fifth across the entire network.

Driven by an ecosystem boom, Robinhood Chain’s Meme coins have performed strongly. Cash Cat’s market cap has surpassed $180 million, and token gains for Dog In Hood, Hoodrat, Robinhood Summer, and others have ranged from several multiples to dozens of times. It’s reported that one trader turned $800 into over $1 million, while another user grew $85 into $2 million.

As the underlying technology provider for Robinhood Chain, Arbitrum (ARB) is benefiting significantly, with ARB rising by about 20% on the day. Per the mechanism, Robinhood Chain will return 10% of the protocol’s net revenue to the Arbitrum ecosystem.

However, the report notes that currently, Robinhood Chain’s activity is still mainly driven by Meme coins. Whether it can successfully transition to long-term application scenarios outlined in Robinhood’s roadmap, such as RWA, remains to be seen.