Robinhood Blockchain Hits Record $1.33B in Daily Volume.
Robinhood’s proprietary blockchain recorded a new milestone, with 24-hour DEX volume reaching $1.33 billion as meme coin speculation and demand for tokenized assets continue to grow.
The surge follows an already strong August 30 session, when the network processed $874.8 million across 5.5 million transactions. The Arbitrum-based Layer 2, launched on July 1, has now surpassed major networks including Ethereum and BNB Chain in daily DEX volume, with only Solana ahead.
Meme coins remain a major driver. $PONS generated $67.38 million in 24-hour volume after gaining more than 370% over seven days, while $CASHTAG recorded $32.66 million. Meanwhile, Uniswap handled nearly 95% of Robinhood Chain’s activity, with its V4 engine processing $432 million on August 30.
The growth is not limited to speculation. Tokenized real-world assets on the network reached $51.81 million, including $40.76 million in equities, while daily RWA transaction volume climbed to $165.5 million.
Robinhood’s latest numbers show how quickly the chain is evolving from a meme coin-driven launchpad into a broader onchain trading ecosystem combining speculative assets, DEX activity and tokenized traditional markets.
#bullish #MemeWatch2024
Robinhood’s proprietary blockchain recorded a new milestone, with 24-hour DEX volume reaching $1.33 billion as meme coin speculation and demand for tokenized assets continue to grow.
The surge follows an already strong August 30 session, when the network processed $874.8 million across 5.5 million transactions. The Arbitrum-based Layer 2, launched on July 1, has now surpassed major networks including Ethereum and BNB Chain in daily DEX volume, with only Solana ahead.
Meme coins remain a major driver. $PONS generated $67.38 million in 24-hour volume after gaining more than 370% over seven days, while $CASHTAG recorded $32.66 million. Meanwhile, Uniswap handled nearly 95% of Robinhood Chain’s activity, with its V4 engine processing $432 million on August 30.
The growth is not limited to speculation. Tokenized real-world assets on the network reached $51.81 million, including $40.76 million in equities, while daily RWA transaction volume climbed to $165.5 million.
Robinhood’s latest numbers show how quickly the chain is evolving from a meme coin-driven launchpad into a broader onchain trading ecosystem combining speculative assets, DEX activity and tokenized traditional markets.
#bullish #MemeWatch2024
