Ethereum

Robinhood

<p>Robinhood Chain (<a href="https://x.com/RobinhoodCrypto" rel="noopener noreferrer nofollow">@RobinhoodCrypto</a>) is barely two weeks old and it is already out-trading Ethereum by daily decentralized exchange volume. According to <a href="https://x.com/DefiLlama" rel="noopener noreferrer nofollow">@DefiLlama</a> data, the chain cleared $808 million in 24-hour DEX volume, placing it third across every blockchain, behind only Solana and BNB Chain.</p>
<h2 id="a-record-debut-for-a-brand-new-chain">A record debut for a brand-new chain</h2>
<p><cite>Since launching its mainnet on July 1, Robinhood Chain has generated $3.1 billion in decentralized exchange trading volume over its first week, making it a top-five chain by DEX activity.</cite><cite>On some days, it ranked third in 24-hour DEX volume across all chains, behind only Solana and BNB Chain.</cite> The network achieved all of this against a comparatively thin base: just $145 million in total value locked and around 36 protocols at the time of the milestone.</p>
<p><cite>Robinhood launched the public mainnet of Robinhood Chain on July 1, an Ethereum layer-2 blockchain built on Arbitrum that is designed for tokenized real-world assets and decentralized finance.</cite><cite>Day-one partners included Uniswap, deploying a dedicated AMM as the primary public liquidity protocol, alongside deep integrations from Alchemy, BitGo, and Chainlink, with fast block times and out-of-the-box lending and borrowing.</cite></p>
<h2 id="built-for-stocks-filled-with-memecoins">Built for stocks, filled with memecoins</h2>
<p><cite>While the network was introduced as an Ethereum layer-2 focused on tokenized stocks and real-world assets, early on-chain activity was overwhelmingly concentrated in a handful of newly launched memecoins.</cite><cite>A significant chunk of that activity came from an unlikely source: a memecoin called Cash Cat, which alone drove roughly $98 million in 24-hour trading volume on July 8.</cite><cite>Robinhood Chain memecoins carried a combined market capitalization of about $254 million and generated more than $658 million in 24-hour trading volume.</cite></p>
<p>Per <a href="https://x.com/DefiLlama" rel="noopener noreferrer nofollow">@DefiLlama</a>, real-world assets account for roughly 4% of the chain's activity. <cite>Bernstein analyst Gautam Chhugani noted that about 65,000 users now hold $13 million in tokenized stocks and $300 million in stablecoins on the chain.</cite><cite>While early trading has been driven by memecoins, Bernstein expects Robinhood to increasingly focus on tokenized real-world assets, including stocks and commodities, alongside perpetual futures.</cite></p>
<p><cite>Despite the impressive start, questions remain over the network's long-term sustainability. Critics have raised concerns about the chain's centralized architecture, including reliance on a single sequencer, as well as transaction failures during periods of heavy demand.</cite><cite>Others argue that sustained success will depend on whether Robinhood can transition from memecoin-driven speculation to deeper liquidity for tokenized stocks and other real-world assets.</cite></p>
<p><b>Sources:</b><br><a href="https://www.theblock.co/post/408024/robinhood-chain-draws-over-3-billion-in-weekly-dex-volume-to-join-top-five-chains-bernstein" rel="noopener noreferrer nofollow">The Block: Robinhood Chain draws over $3 billion in weekly DEX volume, Bernstein</a><br><a href="https://www.coindesk.com/tech/2026/07/13/robinhood-chain-surges-into-top-five-by-dex-volume-bernstein" rel="noopener noreferrer nofollow">CoinDesk: Robinhood Chain scores strong debut, Bernstein says</a><br><a href="https://robinhood.com/us/en/newsroom/robinhood-accelerates-global-expansion-robinhood-chain-mainnet-stock-tokens-agentic-trading/" rel="noopener noreferrer nofollow">Robinhood Newsroom: Robinhood Chain Public Mainnet announcement</a></p>

A two-week-old chain is out-trading Ethereum

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