Robinhood Chain processed more than $3 billion in trading volume during its first full week of public operation, according to defillama.com data, but most of that volume came from meme coins rather than the tokenized stocks the network was built to support.
Key Takeaways
Robinhood Chain generated over $3 billion in decentralized exchange ( DEX) platform volume over its first full week, according to defillama.com.Morpho Blue holds $89.04 million of the chain’s $139.78 million in total value locked.Just $13 million sits in tokenized stocks, while weekly DEX volume has already stretched into the billions.Robinhood Chain’s total value locked reached $139.78 million, up 11.64% over 24 hours, defillama.com chain logs show. Morpho Blue accounted for $89.04 million of that figure, with active loans on the network totaling $100.93 million, almost entirely tied to Morpho. Uniswap held $44.87 million in TVL, and NOXA Fun, a token launchpad, added $10.92 million.
Chain-level fees totaled $116,284 over 24 hours and $709,137 over seven days, defillama.com stats show, while chain revenue registered at zero, since collected fees are currently directed elsewhere in the network’s fee structure. App-level fees, a separate measure tied to trading activity across protocols, reached $4.24 million over the same 24-hour period.
