Robinhood Chain DEX Volume Hits Record $989M as TVL Doubles
HOOD sits 65% above its 52-week low of $63.515.
Summary
Robinhood Chain set a new single-day DEX volume record of $989 million on Friday, with TVL reaching $708 million—a near 100% month-over-month jump. Stablecoin supply on the chain grew 47% to about $770 million. The composition of activity is shifting from memecoin speculation toward utility and infrastructure projects, with launchpad PONS surging from a $20M to over $200M market cap in August. This follows the chain's July launch and earlier $3.1B cumulative DEX volume report, indicating accelerating adoption. The growth in tokenized stock-paired memecoins, now a quarter of stock-linked volume, highlights a unique differentiator that could drive further engagement.
At the time of this announcement, HOOD was trading at $104.83 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $94.2B. The 52-week trading range was $63.52 to $153.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: The Block.