Robinhood Chain Passes Ethereum in DEX Volume 2 Weeks After Launch
Robinhood Chain ranked third amongst all networks by 24-hour decentralized alternate (DEX) quantity, trailing solely Solana (SOL) and BNB Smart Chain (BSC), whereas passing Ethereum (ETH), in accordance with DefiLlama knowledge.
The layer-2 community has been reside since July 1, with each day DEX quantity of about $811 million. Solana led with $1.21 billion, adopted by BSC at $1.05 billion.
Robinhood Chain’s Fast Start
Bernstein flagged the community’s early energy in a Monday analysis observe. Analysts led by Gautam Chhugani mentioned the chain drew about $3.1 billion in DEX volume across its first seven days.
That complete positioned it among the many high 5 chains. More than 65,000 customers now maintain roughly $13 million in tokenized shares and $300 million in stablecoins on the community.
Bernstein mentioned the community’s first week leaned closely on hypothesis. Meme cash drove many of the early exercise, and deeper liquidity adopted as soon as crypto-native merchants moved in.
Meme Coins Lead, however Robinhood Eyes More
Dune data validates that learn. Cash Cat (CASHCAT), a meme coin named after Robinhood’s early branding, leads all tokens. It logged $299 million in quantity throughout 304,907 trades.
Bernstein expects the main target to shift over time. The dealer mentioned Robinhood goals to steer buying and selling towards tokenized shares, commodities, and perpetual futures.
The analysts framed the launch as proof of converging developments.
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“Strong early adoption highlights the rising convergence of tokenized real-world belongings with the broader DeFi ecosystem, as trade contributors proceed to innovate throughout a number of enterprise fashions for regulated asset tokenization,” the observe learn.
Other strains are gaining traction, too. Robinhood is increasing its agentic AI trading tool from shares into crypto. At the identical time, occasion contracts on its platform jumped from 300 million in Q1 2025 to eight.8 billion in Q1 2026, per Artemis.
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The coming weeks will present whether or not that speculative stream converts into lasting demand for tokenized belongings.
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The publish Robinhood Chain Passes Ethereum in DEX Volume 2 Weeks After Launch appeared first on BeInCrypto.
