Bernstein data shows Robinhood Chain recorded about $3.1 billion in on-chain decentralized exchange volume in the first week after its July 1 launch, placing the network among the top five blockchains globally by DEX trading volume. The data also says the chain drew 65,000 users in its first week, accumulated about $300 million in stablecoins on-chain, and hosted $13 million worth of tokenized stock assets. The figures were cited by Odaily and attributed to a report from The Block.
Robinhood Chain recorded about $3.1 billion in on-chain decentralized exchange, or DEX, trading volume in the first week after going live on July 1, according to statistics released by Bernstein.
The data shows Robinhood's self-developed public blockchain moved into the global top five blockchains by DEX trading volume during that period. In its first week, the network also attracted 65,000 users, accumulated about $300 million in stablecoins on-chain, and saw $13 million worth of tokenized stock assets deployed.
The figures were cited by Odaily and attributed to The Block.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
