According to ChainCatcher and Artemis data, Robinhood Chain recorded 323,969 daily active users on July 21, surpassing Base’s 274,520—marking the second time since its mainnet launch on July 1 that it has outpaced Base. On the same day, TVL reached a new high of $588.9 million, a 14% daily increase, compared to less than $5 million at the end of June. Morpho accounted for $260.6 million, or 44% of TVL, while Ethena held 26%. On-chain stablecoin supply reached $438.8 million, up 30% week-over-week. Spot DEX 24-hour trading volume hit $624 million, exceeding Base’s $603 million. However, the primary driver of activity has been meme coin trading rather than the chain’s flagship tokenized stocks, which have a market cap of only $19.3 million. Base still significantly leads in most metrics: DeFi TVL of approximately $4.64 billion is 15 times that of Robinhood Chain, stablecoin supply of $4.84 billion is 11 times higher, and perpetual futures trading volume of $255.5 million far exceeds Robinhood Chain’s $13.5 million. Robinhood Markets’ stock price rose over 8% on its launch day and stood at $107.55 on July 21.
Robinhood Chain Surpasses Base in Daily Active Users; TVL Surges to $589M in Three Weeks
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Summary
On-chain data shows Robinhood Chain reached 323,969 daily active users on July 21, surpassing Base’s 274,520. This was the second time it outperformed Base since its mainnet launch on July 1. On-chain analysis reveals that TVL surged to $588.9 million, a 14% daily increase. Morpho led with 44%, amounting to $260.6 million. Stablecoin supply reached $438.8 million, up 30% week-over-week. Robinhood Chain’s 24-hour DEX volume also exceeded Base’s. Growth was driven by memecoins, not tokenized stocks. Base still maintains a larger DeFi TVL of $46.4 billion and $255.5 million in perpetual contracts. Robinhood’s stock rose over 8% on launch day and closed at $107.55.
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