Robinhood Chain surges into top five by DEX volume: Bernstein
Robinhood's newly launched Ethereum layer-2 blockchain has rapidly ascended to a top-five position by decentralized exchange (DEX) volume, processing $3.1 billion in its first week. Analysts at Bernstein highlight this as a significant milestone for the integration of tokenized real-world assets and decentralized finance.
Since launching its mainnet on July 1, Robinhood Chain has generated $3.1 billion in decentralized exchange trading volume over the past week, making it a top-five chain by DEX activity, the broker said. More than 65,000 users now hold around $13 million in tokenized stocks and $300 million in stablecoins on the network.
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