The Block reported that StoneX analyzed that Robinhood Chain's rapid growth is supported by △Robinhood's strong brand △permissionless design △gas fees supported in the form of subsidies △and the expansion of a virtuous cycle between meme coins and tokenized stocks. The total value locked (TVL) in Robinhood Chain surpassed $1 billion within a few months of its launch on July 1 (local time), and its daily DEX trading volume recorded $1.88 billion as of the 13th.
