Robinhood Chain Surpasses Hyperliquid in Daily DEX Volume Driven by RWA and Meme Coin Activity

Robinhood Chain has overtaken Hyperliquid in 24-hour decentralized exchange volume, fueled by growing interest in real-world asset tokenization, DeFi, and the surge of meme coins like CASHCAT.

Editorial Team · Jul 10, 2026 · 2 min read · Source: coingape.com

Robinhood Chain, a permissionless, AI-driven Layer 2 blockchain designed for financial services and real-world asset (RWA) tokenization, has recently surpassed Hyperliquid in daily decentralized exchange (DEX) volume. Over the past 24 hours, Robinhood Chain processed more than $560 million in transactions, securing its place among the top blockchains by DEX activity.

According to DefiLlama, Robinhood Chain reported nearly $433 million in 24-hour DEX volume and accumulated almost $900 million over the past week. This performance places the emerging chain fifth in DEX volume by chain, overtaking Hyperliquid, which saw $296 million in the same 24-hour period. Hyperliquid’s weekly DEX volume stood at approximately $656 million.

The surge occurred just a week after Robinhood Chain’s mainnet launch on the Arbitrum Orbit stack. In its first week, the Layer 2 solution gathered close to $1 billion in total DEX volume and attracted more than 350,000 addresses, with a total value locked (TVL) of roughly $100 million. Token Terminal data highlights a dramatic increase in ETH bridged from Ethereum’s mainnet to Robinhood Chain, jumping seventyfold to exceed $70 million. The chain operates using ETH for gas fees, supporting seamless trading activity.

The rise in demand stems from a combination of factors. Market watchers point to Robinhood Chain’s focus on integrating traditional finance with decentralized finance (DeFi) through real-world asset tokenization. Santiment reported heightened social volume around the chain, driven by excitement over DeFi tools and the frenzy around meme coins, especially CASHCAT.

The chain’s CEO, Vlad Tenev, fueled this momentum on social media by promoting Robinhood Chain as an ideal platform for both RWA projects and meme tokens. He described the network as a bridge between retail brokerage and on-chain trading, coining the phrase “Robinhood Summer” to highlight the recent burst in activity. To encourage adoption, Robinhood is covering gas fees for eligible wallet users until late September.

CASHCAT, a meme coin associated with Robinhood’s early branding mascot, experienced a remarkable price surge. The token increased more than 1000% over three days, and rose nearly 60% within 24 hours, trading around $0.1455. Speculation rose when Lookonchain revealed a wallet named “Ansem-2” spent $233,000 buying 2.79 million CASHCAT tokens, possibly linked to another wallet holding a large stake in ANSEM, another token, suggesting coordinated investment moves.