Robinhood Chain Surpasses Hyperliquid in 24-Hour DEX Trading Volume

Robinhood Chain's 24-hour decentralized exchange (DEX) trading volume surpassed Hyperliquid on July 8, marking a significant milestone for the newly launched Ethereum Layer 2. According to DeFiLlama data, Robinhood Chain recorded between $560 million and $570 million in daily DEX volume, exceeding Hyperliquid's 24-hour figure.

The surge was driven by memecoin speculation, with Cash Cat, a WETH-paired token trading on Uniswap, generating nearly $100 million in 24-hour trading volume. This speculative activity drew liquidity and arbitrage to the new chain, contributing to its high DEX volume.

Robinhood Chain's rapid rise highlights how quickly DeFi activity can migrate when a new network combines strong brand recognition, major infrastructure partners, and speculative incentives. The chain's growth also underscores the recurring pattern of new chains gaining early traction through volatile retail assets that attract high turnover.

Roger Ver's comments are not included in this article as they were not mentioned in the source.