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HYPE The speed of the new chain is amazing: Robinhood Chain\'s daily trading volume surpasses Hyperliquid
According to online data, Robinhood Chain (@RobinhoodCrypto) recorded $375.15 million in decentralized exchange trading volume within 24 hours. During the same period, Hyperliquid (@HyperliquidX)\'s trading volume was $198.87 million. The former surpassed it.
This milestone is particularly significant because the network took a very short time to go online. Robinhood launched the Robinhood Chain public main network on July 1, 2026, positioning it as a Layer-2 blockchain built based on Arbitrum, designed specifically for tokenization of real-world assets and decentralized finance. When the chain was launched, it had integrated multiple mature DeFi protocols, including Uniswap, which serves as the main liquidity venue, Chainlink, which provides price predictors, and the loan agreement Morpho.
This surge in trading volume followed a larger climb on July 8-the daily trading volume of DEX on the chain briefly hit US$560 million to US$570 million, driven mainly by a memo called Cash Cat. This token alone contributed approximately US$98 million in trading activity to the chain Uniswap trading pairs. The number of active addresses that day was close to 200,000, of which more than 140,000 were first-time users of the network.
Background: The competitive landscape facing Robinhood Chain
Hyperliquid has always been one of the leading forces in the field of on-chain transactions, especially in the field of perpetual contracts. The total value of the platform\'s lockup is approximately US$1.4 billion, and the market value of the native token $HYPE exceeds US$15 billion. Its DEX spot trading volume on the 7th still reached US$1.6 billion, far exceeding the US$512 million in Robinhood Chain during the same period, indicating that although the 24-hour data comparison gave the new chain an advantage, the gap in continued activity is still significant.
Robinhood Chain\'s infrastructure is not just designed for memin transactions. The network integrates stock tokens-on-chain tools that provide economic exposure to the stocks of publicly traded companies such as Apple, Nvidia, and Google, and can be used by users in more than 120 countries through Robinhood Wallet. The company also launched Robinhood Earn, a decentralized lending product that provides its USDG stablecoin with an annualized yield of approximately 7% through Morpho.
Whether current trading volume levels reflect persistent demand or early speculative enthusiasm remains an unsolved mystery. The chain has been launched on its main online network for less than two weeks, and is currently waiving Gas fees for core activities (including redemption, cross-chain bridging and perpetual contract transactions) for a period of 90 days.
