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ROBINHOOD IS DOING WHAT NO OTHER CHAIN HAS EVER DONE BEFORE.
In just 11 days, Robinhood Chain has put up numbers that took most major chains months, and in some cases years, to reach.
Robinhood stats today (Launch date - July 1st):
➜ TVL: $129.9M. It crossed $100M in under a week after launching with just $21.7M.
➜ Stablecoin market cap: $299.6M, with USDG accounting for 68% of the supply.
➜ RWA market cap: $13.5M. Still early, but the infra is already live, and some projects are already being built.
➜ DEX volume: $853M (24h) and $2.31B over the past 7 days.
➜ Perpetual futures volume: $4.38M in 24 hours.
➜ Chain fees generated: $154K in 24 hours.
The ecosystem is also scaling incredibly fast.
Over 17 million transactions have already been processed.
More than 350,000 unique wallets have interacted with the network, with daily active addresses reaching 200,000.
Devs have deployed almost 14,000 smart contracts, while average txn fees remain around $0.005.
It is very important to mention that neither Solana nor BNB Chain reached $100M TVL, hundreds of thousands of users, and billions in DEX volume within their first week.
@RobinhoodCrypto has done all three almost immediately.
Of course, most of this activity is from memecoins and early hype, which is typical for a new chain.
Doesn't change the fact that this is one of the fastest Layer 2 launches the industry has ever seen.
Is Solana about to be dethroned?