Robinhood Chain DEX Trading Volume Hits Record $560 Million

Robinhood Chain's decentralized exchange (DEX) recorded a new all-time high in daily trading volume on July 8, with transactions exceeding $560 million, as user activity and token launches accelerated across the network.

The increase in trading coincided with nearly 200,000 daily active addresses, including more than 140,000 first-time participants who completed their first on-chain transaction. This points to a sharp influx of new users.

The heightened activity also drove token creation, with nearly 16,000 new tokens launched during the day. At the same time, the network's meme coin ecosystem continued to expand, with seven tokens reaching market capitalizations above $1 million, while Cash Cat surpassed the $100 million mark.

Source: Dune Analytics