Robinhood Chain has crossed 2 million monthly active users, a 50% jump in roughly a week. The Ethereum Layer-2 network, built on the Arbitrum Orbit stack and launched on July 1, recorded between $8 billion and $9 billion in decentralized exchange volume over three weeks, with memecoin trading accounting for over 90% of activity. Total value locked grew 50% to approximately $480 million, while daily transactions approached 10 million. Roughly 5.7% of Robinhood’s 28 million brokerage users have started using the chain, which features 100ms block times and no native token. The challenge for Robinhood Chain will be transitioning from memecoin-driven activity to tokenized real-world assets and broader DeFi functionality.
Source: Read the original article
