Robinhood Chain tops $430 million in TVL, FalconX sees RWAs as the key differentiator
The Block·
60-second summary
Robinhood Chain is rapidly expanding with over $431 million in total value locked and 250,000+ daily users in under three weeks, a significant milestone. However, its DEX volume is predominantly driven by memecoins, accounting for 80% of the $9 billion traded, a trend that FalconX attributes to the platform's reliance on memecoins.
Robinhood Chain hit $431M TVL and 250K+ daily users in under three weeks, but memecoins account for 80% of its $9B DEX volume, FalconX says.