Robinhood Aims for Growth as Chain Expands Beyond Memecoin Trading
Robinhood Markets (NASDAQ: HOOD) aims to leverage its user base of 27.6 million funded customers by expanding the utility and adoption of Robinhood Chain beyond speculative memecoins, such as CASHCAT. The Ethereum layer-2 network saw $878M in decentralized exchange volume on July 12 but remains heavily reliant on speculative tokens rather than tokenized stocks or ETFs.
Topics: decentralized exchange volume memecoins onchain activity Robinhood Chain