In less than two weeks after the layer 2 blockchain launched, Robinhood Chain has continued to smash major milestones, flipping existing networks in major metrics.
Recent data from DefiLlama shows that Robinhood Chain has crossed $100 million in total value locked (TVL) within just about ten days of launch.
Robinhood Chain sees 35% surge
The data further showed that the massive $101.03 million milestone in its TVL has come after the network saw a rapid surge of 35.75% in the metric over the last 24 hours.
In addition to this, Robinhood Chain has also recorded over $473 million in its daily DEX trading volume, while its stablecoin market capitalization has climbed to over $270 million.
You Might Also Like
These milestones have drawn attention across the crypto community as the network has created a buzz following the rollout of its Arbitrum-powered mainnet.
The launch aims to support tokenized real-world assets (RWAs), DeFi applications, and AI-native financial services, sparking growing interest in the network.
What’s behind Robinhood Chain’s rapid emergence?
While Robinhood has long served as a crypto trading platform with millions of users engaging with the platform daily, the launch of its layer 2 network has garnered significant attention across the crypto ecosystem.
With the launch of Robinhood Chain, the firm is looking to create an ecosystem where its users can eventually access tokenized stocks, ETFs, crypto assets, lending protocols, perpetual futures, and decentralized applications from a single platform.
The platform’s already established user base and the deployment of the CASHCAT memecoin on the newly launched network have contributed largely to the rapid emergence of the network, causing it to break major milestones in DEX volume and TVL.
Be the first to comment