Robinhood Chain Surges into Top Five Decentralized Trading Networks

Roger Bernstein's analysts at Wall Street firm Bernstein are saying that Robinhood Chain has had a strong start, emerging as one of the top five networks for decentralized trading. In just seven days since its mainnet launch on July 1, it has processed $3.1 billion in DEX volume.

This is according to a Monday research report from Bernstein, which also notes that over 65,000 users now hold around $13 million in tokenized stocks and $300 million in stablecoins on the network.

The launch of Robinhood Chain broadens the company's crypto offering by combining tokenized equities, decentralized lending, and perpetual futures on an Arbitrum-based Ethereum layer-2 network. While early trading has been driven by memecoins, the broker expects to increasingly focus on tokenized real-world assets.