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Robinhood Chain is exploding with nearly $1 billion daily DEX volume

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Scott Melker discusses Robinhood Chain hitting a record $989 million in daily DEX, fueled by memecoins and tokenized stocks, and surpassing Ethereum ( ETH-USD ) in gathered fees,

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00:00 Speaker A

Robin Hood chain hits record 989 million in daily dex volume as TVL grows.

00:03 Speaker A

So if you haven't been paying attention, like me, I wish I was over there flipping meme coins in the trenches, but obviously that is not my core competency.

00:15 Speaker A

But Robin Hood chain predictably, I think is absolutely exploding. They have such a big name, so many customers, so much interest in in the crypto space.

00:27 Speaker A

They've launched Robin Hood chain, which is a layer two on Ethereum that's part of the arbitrum stack using their technology.

00:36 Speaker A

Arbitrum has gone up recently as a result. This is now the largest L2, arguably by volume on Ethereum and has even surpassed Ethereum itself, even though it's a layer two in fees, uh gathered over the past 24 hours.

00:54 Speaker A

A lot of that is because of meme coins.

00:57 Speaker A

But not just meme coins, tokenized stocks, once again, same narrative, have absolute absolutely exploded here on Robin Hood Chain.

01:07 Speaker A

Obviously different from what you can trade on Robin Hood. This is Robin Hood on chain on their own layer two blockchain on Ethereum.

01:15 Speaker A

This stuff is just going absolutely bonkers, right? I don't know, I think the meme coin craze will probably, you know, go up and down and go from Robin Hood chain back to Solana to other green pastures and back. I don't really know how to manage or look at that market, but I know that this is a one-way street towards the tokenization of everything and Robin Hood definitely intends to compete big time in that market.

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