Robinhood Chain Launch Hit $570M Volume With Just $21M in Liquidity
Covered by 2 sources · 2 articles
2 outlets - including Crypto and Cryptonomist - are covering this story. Robinhood built a blockchain for tokenized stocks and institutional-grade real-world assets. In its first week, the chain did $570 million of volume against $21.68 million of liquidity, a 26-to-1 ratio that exists nowhere else in DeFi, and…
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Robinhood Chain did $570M volume on $21M of liquidity. The launch-week autopsy
Robinhood built a blockchain for tokenized stocks and institutional-grade real-world assets. In its first week, the chain did $570 million of volume against $21.68 million of liquidity, a 26-to-1 ratio that exists nowhere else in DeFi, and…
Robinhood Chain Launch Hit $570M Volume With Just $21M in Liquidity
Robinhood Chain’s launch on July 1 did something most new Layer 2 blockchains never manage: it forced people to look twice at the numbers. $570 million in daily volume against just $21.68 million in total value locked — a 26:1 ratio that do…