Robinhood Bets On 10 Million Users To Grow Decentralized Finance

Robinhood is betting it can bring more than 10 million active users onchain and turn its blockchain into a retail gateway to decentralized finance, even as early activity is still dominated by memecoin trading and tokenization remains small. Robinhood Chain briefly ranked No. 2 in DEX volume last weekend and processed $878 million in 24-hour volume on July 12, according to CoinDesk, but its tokenized real-world assets total just $12.66 million in active market capitalization and its perpetual futures volume was only $5.9 million on July 13.