Robinhood Chain generates $34.6B DEX volume and $1.27B TVL in two months post-launch, driving Arbitrum token +30% gains and spurring Morgan Stanley upgrade of Robinhood stock to Overweight with $150 price target.
DeFi & Yields ·
Robinhood Chain has generated $34.6 billion in decentralized exchange volume and $1.27 billion in total value locked within two months of launch, processing 576 million transactions across 12.3 million addresses. The chain recorded $1.92 million in daily revenue on September 1, the highest of any blockchain, driving Arbitrum's ARB token up more than 30 percent and prompting Morgan Stanley to upgrade Robinhood stock to Overweight with a $150 price target, citing prediction markets as a growth driver.