Robinhood Chain Surpasses Solana in Daily DEX Volume

Rapid growth in demand for tokenized stocks has propelled Robinhood Chain's daily decentralized exchange (DEX) trading volume past that of Solana, according to recent data.

Odaily reported on July 12 that Robinhood Chain overtook Solana in daily DEX volume, marking a significant shift in the on-chain trading landscape.

This development signals growing interest in tokenized stocks and direct blockchain-based trading.

Solana's relative value is being weighed down by this expansion of trading on other chains. However, it's currently holding steady near its 20-day and 50-day moving averages at $76.04, with a Relative Strength Index (RSI) in the 60s.