Robinhood Chain processed about $825 million in decentralized exchange volume over the past 24 hours, holding near the record activity that pushed the Ethereum Layer 2 to $877.6 million on July 12.
Seven-day volume reached $3.1 billion, up more than 10,500% from the previous week. Applications on the chain generated $4.24 million in fees over the past day, while bridged assets stood at roughly $438 million.
The network opened its public mainnet on July 1 using Arbitrum’s Layer 2 infrastructure. Robinhood positioned the chain around tokenized stocks, real-world assets, lending and onchain access for its international customer base.
Its first major trading wave has instead formed around newly issued meme coins, with rapid token launches and concentrated Uniswap liquidity producing turnover well above the chain’s current locked capital.
Meme Coin Market Cap Passes $250 Million
Robinhood Chain meme coins carried a combined market capitalization of about $254 million and generated more than $658 million in 24-hour trading volume.
CASHCAT remained the largest token in the group at roughly $157 million, followed by Cash Dog in Hood near $42 million and Little John at about $17 million. CASHCAT alone recorded close to $43 million in tracked spot volume as the token extended a gain of more than 2,000% over seven days.
The rally produced steep gains for early wallets. One trader turned an $838 CASHCAT purchase into more than $1 million after selling 15.04 million tokens into the expanding market.
CASHCAT later reached derivatives traders when Hyperliquid opened perpetual futures with leverage of up to 3x.
HOODIE Adds To Launch-Week Trading
HOODIE became another source of speculative volume after the token surged as much as 260% over 24 hours. Its main WETH pool processed thousands of transactions as traders moved into smaller Robinhood Chain tokens following CASHCAT’s breakout.
The activity has pushed DEX turnover far ahead of the network’s real-world asset market. Robinhood Chain currently holds about $294 million in stablecoins and $12.6 million in active tokenized assets, compared with more than $3.1 billion in decentralized exchange trades over the past seven days.
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