Robinhood plans to bring ordinary investors into DeFi by leveraging its more than 10 million active users. Built on Arbitrum, the Ethereum Layer 2 Robinhood Chain saw its 24-hour DEX trading volume reach about $878 million on July 12, but early activity was still mainly driven by Meme coin trading. Its perpetual contract trading volume was only about $5.9 million, cross-chain asset inflows totaled about $734 million, while the actual TVL was about $211 million. Robinhood Chain originally focused on laying out RWA tokenization such as stocks and ETFs, but the currently active market cap of related assets is only about $12.66 million. The key going forward is whether speculative activity can be converted into sustained stock-token trading and on-chain borrowing demand. (CoinDesk)

HOOD-5.50%
ARB-0.15%
ETH-1.51%
MEME-0.81%
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