The chain that launched 64 days ago has broken through $3 billion in daily DEX trading volume
An Ethereum layer-2 chain called Robinhood Chain has broken another record
On Thursday, its daily decentralized exchange trading volume surpassed $3 billion for the first time
To know that just six days ago, its record was only $875 million, it has nearly quadrupled in less than a week
Uniswap on the chain is directly eating to its fill, handling about 98% of that volume
The fee buyback mechanism also went into full throttle, burning 184,000 UNI that day
Worth about $1.15 million, it was the first daily burn to break the million-dollar mark
More than 80% of that came from traders on this new chain
This chain only launched on July 1 and has been live for 64 days so far
Its cumulative DEX trading volume has already reached $34.6 billion, processing 576 million transactions
It has 12.3 million addresses and has listed more than 190 stock tokens
In terms of attracting liquidity, even older layer-2 chains have to stay silent
But there was also a small hiccup behind the excitement
On the day it broke the record, it got stuck twice when submitting blob data to the Ethereum mainnet
For a total of about 14 minutes, because the mainnet blob market was too crowded and fees surged
The project team quickly explained that the chain itself did not go down and user transactions were not delayed
But it also exposed a key weakness: no matter how hot a layer-2 gets, its data still has to queue on the mainnet
UNI is currently priced at $6.27, with a market cap of $3.9 billion, and it slipped 1% that day
A million-dollar daily burn sounds fierce, but annualized it is only about $420 million
For a circulating supply of $390 million, real deflation has only just begun
A chain that did not even exist ten weeks ago is now Ethereum's largest blob user
Where is the incremental demand coming from? Are you guessing stock tokens or memecoins? Chat in the comments
Click the avatar to watch the livestream
Every day I bring you on-chain hotspots, not just what happened in the news, but also the logic and opportunities behind it 👉🦖
#RobinhoodChain #UNI
An Ethereum layer-2 chain called Robinhood Chain has broken another record
On Thursday, its daily decentralized exchange trading volume surpassed $3 billion for the first time
To know that just six days ago, its record was only $875 million, it has nearly quadrupled in less than a week
Uniswap on the chain is directly eating to its fill, handling about 98% of that volume
The fee buyback mechanism also went into full throttle, burning 184,000 UNI that day
Worth about $1.15 million, it was the first daily burn to break the million-dollar mark
More than 80% of that came from traders on this new chain
This chain only launched on July 1 and has been live for 64 days so far
Its cumulative DEX trading volume has already reached $34.6 billion, processing 576 million transactions
It has 12.3 million addresses and has listed more than 190 stock tokens
In terms of attracting liquidity, even older layer-2 chains have to stay silent
But there was also a small hiccup behind the excitement
On the day it broke the record, it got stuck twice when submitting blob data to the Ethereum mainnet
For a total of about 14 minutes, because the mainnet blob market was too crowded and fees surged
The project team quickly explained that the chain itself did not go down and user transactions were not delayed
But it also exposed a key weakness: no matter how hot a layer-2 gets, its data still has to queue on the mainnet
UNI is currently priced at $6.27, with a market cap of $3.9 billion, and it slipped 1% that day
A million-dollar daily burn sounds fierce, but annualized it is only about $420 million
For a circulating supply of $390 million, real deflation has only just begun
A chain that did not even exist ten weeks ago is now Ethereum's largest blob user
Where is the incremental demand coming from? Are you guessing stock tokens or memecoins? Chat in the comments
Click the avatar to watch the livestream
Every day I bring you on-chain hotspots, not just what happened in the news, but also the logic and opportunities behind it 👉🦖
#RobinhoodChain #UNI
