Robinhood Chain has surpassed 2 million monthly active users, with weekly growth of about 50%, according to Techub News, citing CryptoBriefing. The network launched on July 1 and has reached roughly $480 million in total value locked. Daily transaction volume is close to 10 million, while cumulative decentralized exchange trading volume over the past three weeks stands at about $8 billion to $9 billion. On July 21, the chain recorded about 324,000 daily active users, at one point moving ahead of Coinbase’s Base network. CryptoBriefing said current activity on Robinhood Chain is being driven mainly by speculative memecoin trading. It also noted that the network does not have native token incentives, leaving open questions around long-term user retention and developer commitment.
Robinhood Chain has crossed 2 million monthly active users, with week-over-week growth of about 50%.
According to Techub News, citing CryptoBriefing, the network went live on July 1 and has reached about $480 million in total value locked. Daily transaction volume is nearing 10 million, and cumulative DEX trading volume over the past three weeks is estimated at roughly $8 billion to $9 billion.
Data cited in the report shows that Robinhood Chain recorded about 324,000 daily active users on July 21, briefly putting it ahead of Coinbase’s Base network.
CryptoBriefing said most current activity on the chain is being driven by speculative memecoin trading. The report also said the network lacks native token incentives, leaving its long-term user retention and developer commitment still under test.
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