Robinhood Chain has crossed $1 billion in decentralized exchange (DEX) volume within its first week of launch, according to data shared by a Robinhood executive. The network also processed 17 million transactions and attracted nearly 350,000 registered addresses. Its total value locked (TVL) is approaching $250 million, signaling rapid adoption.
BitMine Praises Launch
BitMine, the world's largest Ethereum treasury firm founded by Tom Lee, called Robinhood Chain's growth "one of the biggest breakout launches in years" in a recent X post. The firm highlighted the network's milestones as evidence of its strong start in the DeFi ecosystem. BitMine's endorsement came shortly after the executive's post detailing the achievements.
Outpacing Ethereum in DEX Activity
Robinhood Chain has already flipped Ethereum in 24-hour DEX volume. Data shows Robinhood Chain recorded $877.56 million in DEX volume over the past 24 hours, surpassing Ethereum's $778 million. This performance has drawn significant investor attention, as the new chain continues to outperform established blockchains in key DeFi metrics.