Robinhood Chain Total Deposits Reach $626 Million, DeFi Trading Volume Increases

As of the 28th, the total value locked (TVL) in Robinhood Chain has been recorded at $626.37 million. This chain is based on stock tokens and tokenized real-world assets (RWA), with initial usage being higher in the DeFi (Decentralized Finance) sector. According to DefiLlama, the 24-hour trading volume on decentralized exchanges (DEX) for Robinhood Chain was $680.7 million, while the perpetual futures trading volume was $334.2 million. Robinhood launched its public mainnet on July 1 and is described as a Layer 2 solution based on Arbitrum (ARB) that uses Ethereum (ETH) as its gas token. Currently, more liquidity is being generated in the trading, lending, and derivatives layers compared to RWA. Uniswap has established itself as a major automated market maker (AMM), and Robinhood Earn operates a stablecoin lending structure through Morpho. Arrow Finance provides collateral-based stablecoin issuance features, with the current TVL reported at $385.79 million. The stock tokens of Robinhood Chain have restrictions on offerings within the United States and are expanding as a DeFi trading infrastructure.