Robinhood链上线首周日交易量5.7亿美元，仅次于以太坊

What counts as serious trading volume? Is it 10 million, 50 million? Well, what about 570 million? That's how much trading volume Robin Hood's brand new blockchain pushed through unis swap in a single day during its very first week. That was enough to sit second only to Ethereum itself among every unis swap deployment in crypto. Now, plenty of chains launch with fireworks and plenty of hype, but almost none launch with 27 million funded KYCed ready to trade customers already sitting in the app.

That's the difference. A mainstream giant just walked straight into crypto's home turf and posted one of the strongest DEX launches the space has ever seen. But as impressive as these figures are, there are some big questions to ask here. Is this crypto's first genuine mainstream super app arriving for real? Or is it just a launch week sugar high that fades the second the incentives dry up? So, today we're going to break down Robin Hood chain's explosive debut, expose what's actually driving that eye watering volume, and answer whether it can truly compete with the likes of Salana and Hyperlid in the long run.

My name is Lewis and you're watching the Coin Bureau. Now, before we dive in, a bit of context on just how big the player is here. As I record this, Robin Hood stock trades at around $110 with the market cap just shy of $100 billion, up nearly 18% over the past month. Robin Hood is a publicly traded brokerage that is increasingly betting its brand on public blockchains, a far cry from an anonymous dev team with a Telegram group.

And that bet got kicked into another gear on July 1st, 2026 when Robin Hood chain went live. And the first thing that you need to know about this launch is Robin Hood's major advantage, distribution. As of May 2026, Robin Hood reported 27.7 million funded customers and roughly $377 billion in total platform assets. These are just astronomical numbers, especially in the cryptoverse. Salana had to bootstrap its user base the hard way, one wallet at a time over years.

Base did exactly the same, even with Coinbase behind it. Robin Hood starts with 27 million people funded and verified already tapping buttons in an app that they've become accustomed to. Nobody else in crypto has that kind of on-ramp. Beyond simple trading, Robin Hood has built a complete super app stack directly on top of the chain. You've got tokenized stocks, 95 equities and ETFs like Nvidia, Apple, and Alphabet priced through the Chainlink oracles and available in over 120 countries.

You've got perpetual futures via lighter, which committed $11 million in tokens just to bring traders into the tech. You've got DeFi lending through Morpho and something called Robin Hood Earn, offering around 7% yield on a stable coin. And on top of all of that, there is a gloriously simple UX setup for anyone that wants to get involved. Users don't have to deal with seed phrases or bridging, completely bypassing the terrifying UX that often scares normal people away from DeFi.

You interact through the Robin Hood wallet like you already have. So, this is the first serious attempt to put real onchain products into the mainstream hands without the friction that's kept everyone but the diehard fans out for decades. And the early numbers back it up. TVL crossed $100 million inside the first week. Daily active addresses peaked north of $190,000. And by July 10th, the chain was processing 7.6 million daily transactions, closing in fast on bases 9.2 million.

For a chain that's a couple of weeks old, that's pretty damn impressive. That activity proved momentum. And in crypto, momentum tends to get further momentum. new chain, incentives flowing, volume exploding, and many other corners of crypto stubbornly ignoring the green candles until they feel compelled to FOMO in. That combination is exactly where the biggest opportunities in crypto tend to be. But spotting these moments early before the crowd piles in is the whole game.

And if that sounds daunting, well then fear not because we've made it a lot easier, cuz right here on YouTube, you can now access the new Coinbureau Club light plan. For just $10 a month, you'll get daily market updates across both crypto and tradi. Our teams read on the best opportunities and curated updates to keep you ahead of the curve. Just tap that join button below this video to get started. Now, let's get back to it.

So far, this has been sunshine and rainbows, but we need to have a closer look at what's actually generating all of that volume. And when you do take a closer look, things do get a bit more complicated. Memecoin speculation is actually driving this explosion rather than organic super app usage. The flagship driver is a token called Cash Cat, and the origin story is more or less what you expect. Cash Cat is named after an early discarded internal Robin Hood brand concept.

A little mascot cat carrying a lot of cash. The crypto crowd found it, adopted it, and ran with it. The token surged somewhere between 1,700 and 2,100% in its first week. And on July 8th, when the chain did that around $560 million in daily volume, cash alone accounted for nearly $100 million of it. more than $1 in every six. Add in the rest of a leading memecoin lineup like Hoodie, Dog and Hood, Tendies, and Friends, and reports suggest the combined memecoin market caps may have reached well into the hundreds of millions at the peak.

Now, memecoin mania wasn't the only factor producing massive trading volume. There were some fundamental reasons that helped drive activity on Robin Hood chain. For one, Robin Hood is covering all network fees for the first 90 days, ending in late September. But it's important to remember that this chain runs on arbitron where gas fees are already trivially cheap. The subsidy is a nice to have a little onboarding sweetener, but you can't really attribute the surge to that.

And it's not some make orb breakak moment when it expires. So if we want to understand what's really happening, we need to look at the activity mix instead of the gas subsidy. And that mix leads us to a pretty big contradiction. This is a chain that was explicitly marketed as the best home for real world assets, more specifically tokenized equities, serious institutional-grade finance on chain. And yet, while meme coins were doing hundreds of millions in daily volume, the actual tokenized stocks on the chain held a combined value of just 12.6 million.

That's a massive difference. The froth was worth 20 times more than the entire reason the chain supposedly exists. Frankly, RWA activity on the chain has barely begun in earnest. And the man at the top basically confirmed all of this. CEO Vlad Tennv, who just days earlier had been telling CNBC that crypto's future was in tokenized real assets rather than endless memecoin creation, posted this on Axe. While we're building Robin Hood chain to be the best chain for RWAs, he said it works great for memes, too.

That's the tension of this launch summed up really. The chain was designed for equities, but leaders are celebrating the fact that it's actually being used as a casino. And if you take the scrutiny one step further, there's one big question many are asking. Is the activity even real? Because volume is one thing, but durable liquidity is another thing entirely. The change volume to liquidity dynamics resembles some hot potato type trading activity.

In simple terms, that means the same relatively thin pool of money getting passed around and around at high speed, printing huge volume numbers on top of very little actual depth. The one figure cited 570 million in daily volume, sitting on top of just 21 million in real liquidity. That's roughly a 26:1 ratio. That represents a small amount of capital playing an extremely fast game of past the parcel, which creates the illusion of deep organic demand.

But there has also been criticism when it comes to Robin Hood chain's decentralization. Primarily, people are concerned about the single seq

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