Robinhood Chain Hits 150M Transactions, 100ms Block Time
HOOD sits 49% above its 52-week low of $63.515.
Summary
Robinhood's Ethereum Layer-2 blockchain, launched July 2, has surpassed 150 million cumulative onchain transactions with an average block time of 100 milliseconds, per Token Terminal. This follows the chain's launch and initial $3.1B in DEX volume reported earlier this month. The rapid transaction growth and low latency signal strong early adoption and technical performance, potentially strengthening Robinhood's crypto infrastructure and user engagement. The milestone adds to a series of positive crypto-related developments, including UK crypto trading expansion and record trading activity in June.
At the time of this announcement, HOOD was trading at $94.61 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $85.5B. 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.