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Robinhood Chain DEX Volume Hits $563.9 Million, Up 10x in a Day


Robinhood Chain DEX Volume Hits $563.9 Million, Up 10x in a Day

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On July 8 Robinhood Chain saw $563.9 million in Uniswap trading volume, the biggest single-day volume since its mainnet launch on July 1. Originally pitched for RWAs and tokenized stocks, the network's early activity is dominated by DEX trading on Uniswap, signaling rapid DeFi adoption and strong liquidity but a divergence from the protocol's marketed use case.

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Robinhood Chain was pitched as the network for RWAs and the place to trade tokenized stocks. On July 8, it did something else entirely. According to data from Dune, the chain drew in $563.9 million in volume on Uniswap, making it the biggest volume day by far since its mainnet launch on July 1.  Source:...
Read the article at CryptoPolitan

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In This News

Coins

$ 3.78

-1.51%

Predictions Markets

See what traders are focused on

View analytics →
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