StoneX analyst names four growth drivers for Robinhood Chain
- —Robinhood Chain's TVL has reached nearly $1 billion since its July 1 launch
- —Daily DEX volume on September 7 was $1.88 billion
- —Stablecoin market cap on the network grew 72% in a month to $1 billion
- —Robinhood Chain accounts for more than half of Uniswap's volume
Why it matters: The network's growth strengthens Robinhood's position in stock tokenization and memecoin trading, which could support HOOD shares.
Source: The Block — Markets