Robinhood Chain Volume Figures Disputed Across Reports

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CryptoBriefing and Watcher.Guru give conflicting numbers for Robinhood Chain's trading volume, TVL, and stablecoin supply.

CryptoBriefing and Watcher.Guru give conflicting numbers for Robinhood Chain's trading volume, TVL, and stablecoin supply.

What all sources agree on

  • Robinhood Chain's DEX trading, TVL, and stablecoin supply have all risen sharply in recent weeks.
  • Tokenized stocks such as Nvidia are being used as collateral or paired against tokens in trading activity on the chain.
  • Morpho Blue / Morpho is cited as a leading lending venue on the chain, tied to stablecoin activity.

Where the reports disagree

1Daily/24-hour DEX trading volume

Trading volume on the Ethereum layer 2 climbed 61% over a matter of days, with 24-hour DEX volume crossing $1.58 billion and weekly figures up nearly 90% according to DefiLlama data.

CryptoBriefing

The network actually recorded $989 million in single-day DEX trading volume, a new record.

Watcher.Guru

What would settle it: DefiLlama's or Robinhood Chain's own on-chain DEX volume data for the dates in question.

2Total value locked (TVL) on Robinhood Chain

Morpho Blue leads on the lending side, holding roughly $481 million in total value locked, which represents the majority of the chain’s overall TVL figure of approximately $735 million.

CryptoBriefing

Robinhood Chain TVL also climbed to $708 million, close to double what it was just a month before.

Watcher.Guru

What would settle it: DefiLlama's TVL tracker for Robinhood Chain on the relevant dates.

3Stablecoin supply on Robinhood Chain

Stablecoin supply sits at around $797 million, with USDG accounting for a significant share of that figure and serving as the main fuel for Morpho’s lending markets.

CryptoBriefing

Stablecoin supply on the chain grew too, adding 47% month-over-month to reach around $770 million.

Watcher.Guru

What would settle it: On-chain stablecoin supply data for Robinhood Chain, e.g. via DefiLlama or a chain explorer.

What to make of it

Treat the general direction of Robinhood Chain's growth as reported by both outlets as broadly agreed, but don't cite a specific dollar figure for its trading volume, TVL, or stablecoin supply until the underlying on-chain data is checked directly.

Treat the general direction of Robinhood Chain's growth as reported by both outlets as broadly agreed, but don't cite a specific dollar figure for its trading volume, TVL, or stablecoin supply until the underlying on-chain data is checked directly.