Robinhood Chain peaked at $443 million in daily memecoin trading volume in early September before collapsing by 96%. Up to 45,000 tokens were created in a single day on this blockchain launched by the American broker last summer, with virtually no residual value. Circle experienced a similar trajectory with Arc, which generated $336 million in volume on its launchpads on its very first public day. The US Senate blocked the CLARITY Act, before the SEC opened a five-year exemption allowing platforms to test the exchange of tokenized stocks on blockchain.
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