BlockBeats report, July 10: Just one week after launch, Robinhood Chain has rapidly become one of the most active blockchains in the crypto market.
Official data shows that in its first week, Robinhood Chain processed over 17 million transactions, with nearly 350,000 active addresses, a protocol TVL of approximately $250 million, and cumulative DEX trading volume exceeding $1 billion. On Wednesday alone, daily trading volume reached $568 million, with 24-hour DEX trading volume at approximately $433 million, surpassing Hyperliquid to rank fifth globally.
Driven by ecosystem growth, Meme coins on Robinhood Chain have performed strongly, with Cash Cat's market cap surpassing $180 million, and tokens such as Dog In Hood, Hoodrat, and Robinhood Summer rising several-fold to even tens of times. Reports indicate that one trader turned $800 into over $1 million, while another user grew $85 into $2 million.
As the underlying technology provider for Robinhood Chain, Arbitrum (ARB) benefited significantly, with ARB rising approximately 20% on the day. Under the mechanism, Robinhood Chain will return 10% of its protocol net revenue to the Arbitrum ecosystem.
However, the report notes that current activity on Robinhood Chain is still primarily driven by meme coins, and it remains to be seen whether it can successfully transition to Robinhood’s long-term use cases such as RWA.