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For Robinhood’s chain to become a top-tier L1, there is still a long way to go. A simple comparison with Solana’s data makes it clear.
Over the past 24 hours, Solana’s on-chain DEX spot trading volume was about $2.2 billion, while Robinhood’s chain was only around one-third of that; the number of active on-chain addresses on Solana was 600k, while Robinhood had just 180k.
These figures, on the one hand, show that since the Robinhood chain launched 10 days ago, it has already made solid progress; on the other hand, they also indicate that there is still a clear gap between it and Solana.
But this also means that the Robinhood chain is still in an early stage; as the infrastructure continues to improve, it is expected to attract more capital and users in the future. @vladtenev @RobinhoodApp @fern