Robinhood Chain launched a week ago, with the DEX trading volume surpassing $1 billion, ranking it among the top five in the industry

BlockBeats News, July 10th, just one week after its launch, Robinhood Chain has quickly become one of the most active public blockchains in the cryptocurrency market.

Official data shows that in the first week, Robinhood Chain has processed over 17 million transactions, with close to 350,000 active addresses, a protocol TVL of around $250 million, and DEX trading volume surpassing $1 billion. Notably, the single-day trading volume on Wednesday reached $568 million, with a 24-hour DEX trading volume of approximately $433 million, surpassing Hyperliquid and ranking fifth in the entire network.

Driven by the ecosystem's explosive growth, meme coins on Robinhood Chain have shown strong performance. Cash Cat's market cap has exceeded $180 million, while tokens like Dog In Hood, Hoodrat, and Robinhood Summer have seen gains of several multiples, even tens of multiples. Reports indicate that some traders have turned $800 into over $1 million, while others have grown $85 to $2 million.

As the underlying technology provider for Robinhood Chain, Arbitrum (ARB) has significantly benefited, with ARB rising approximately 20% in a day. According to the mechanism, Robinhood Chain will return 10% of the protocol's net income to the Arbitrum ecosystem.

However, reports point out that the current activity on Robinhood Chain is still mainly driven by meme coins. Whether it can smoothly transition to Robinhood's long-term RWA-focused applications remains to be seen.