Robinhood Chain DEX volume falls 23% as traders question its momentum

Robinhood Chain has recorded a 23.1% weekly drop in decentralized exchange volume while retaining $1.132 billion in DeFi deposits, as traders debate whether its post-launch slowdown signals deeper problems. Robinhood Chain’s weekly DEX volume reached $5.255 billion, down 23.1% from the preceding seven-day period. $1.132 billion remains locked in DeFi, with stablecoin capitalization standing at $1.05 billion. DJ Griffith’s Oct. 23 chart places Robinhood Chain behind Solana, BNB Chain and Base. Community commentators have split over trading losses, builder support and the timeline for tokenized-stock adoption. DefiLlama’s Oct.

Source: crypto.news