Robinhood Chain Flips Hyperliquid in DEX Volume, Hitting $433M in 24 Hours
HOOD sits 81% above its 52-week low of $63.515.
Summary
Robinhood Chain, the company's newly launched Ethereum Layer-2 blockchain, recorded $433.19 million in 24-hour DEX trading volume, surpassing Hyperliquid's $296.23 million. This milestone comes just one week after the chain's July 2nd launch and signals rapid adoption. The volume surge follows Robinhood's broader crypto push, including UK trading and record June activity. It validates the chain's early traction in a competitive landscape.
At the time of this announcement, HOOD was trading at $115.25 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $103.7B. 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: Binance News.