Robinhood Chain Overtakes Hyperliquid in DEX Volume as Memecoin Frenzy Drives Explosive Growth

Robinhood Chain, built on Arbitrum’s technology, processed $568 million in trading volume within its first days, with transactions surpassing 5.2 million and active addresses topping 213,000 in a single 24-hour period. Robinhood’s crypto general manager, Johann Kerbrat, reported first-week totals exceeding 17 million transactions, nearly 350,000 addresses, and more than $1 billion in decentralized exchange volume.

CEO Vlad Tenev it on X and stating: “Robinhood Summer is here.

Chain Climbs DefiLlama Rankings

The chain’s 24-hour DEX volume of roughly $433 million now ranks fifth among all blockchains, surpassing Hyperliquid. Total value locked jumped from nearly zero to about $94 million, while stablecoin balances crossed $260 million.

Memecoins Fuel the Momentum

Much of the activity centers on memecoins, with tokens like Cash Cat reaching a market capitalization above $180 million. Traders have reported turning small sums into six and seven figures. Arbitrum’s ARB token also gained, climbing 20% as Robinhood Chain routes a share of protocol revenue back to the Arbitrum ecosystem.

While the launch has drawn comparisons to Solana’s earlier memecoin-driven rally and subsequent decline, the chain’s long-term plan reportedly centers on real world asset tokenization, with memecoin activity serving as an early bridge.