Frank Chaparro: Robinhood chain DEX volume reaches $633 million as daily users hit 306,500

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Robinhood chain DEX volume hits $633 million

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55 min ago

Frank Chaparro: Robinhood chain DEX volume reaches $633 million as daily users hit 306,500 — Robinhood chain DEX volume hits $633 million

Frank Chaparro reports that the Robinhood chain is experiencing increased activity. Decentralized exchange volume reached $633 million, and daily active users climbed to 306,500 on Friday.

Chief Executive Officer Vlad Tenev stated that while Robinhood Chain is being built as a platform for real-world assets, it also performs well for meme-related activity.

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Chaparro has previously covered changing forecasts for digital assets. Bernstein recently revised its $150,000 year-end Bitcoin target, calling it ambitious after a market correction. In a separate report, JPMorgan identified that bitcoin mining economics have worsened as the token trades below production cost. These developments coincide with the recent uptick in activity on Robinhood Chain.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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