Robinhood DeFi chain amasses $80 million in TVL, Alan Rogers notes

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Yaroslav Dmytrenko

1 hour ago

Robinhood DeFi chain amasses $80 million in TVL, Alan Rogers notes — Robinhood unveils DeFi chain with $80M TVL

Alan Rogers highlights that Robinhood has developed a real DeFi chain. Since its launch, the chain has accumulated $80 million in total value locked, $200 million in stablecoins, and $800 million in cumulative DEX volume, according to data from DefiLlama.

Rogers contrasts Robinhood's effort with lesser-used Layer-2 solutions, emphasizing the significance of Robinhood's user base in the DeFi space.

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Rogers has tracked major market developments across sectors in recent reports. He noted that SpaceX approached a $2.9 trillion valuation, bringing it within $100 billion of Microsoft. In another update, Rogers reported that Bitcoin, Ethereum, Solana, and XRP ETFs saw net inflows in U.S. markets.

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