Robinhood Chain Cat-chs Hyperliquid at the Tape 🐾

Robinhood Chain overtook Hyperliquid in 24-hour decentralized exchange volume, processing more than $560 million over the past 24 hours. The newly launched Ethereum Layer-2, built for financial services and real-world assets (RWA), has climbed to fifth place on the DEX volume by chain metric with almost $900 million in 7-day volume, per DefiLlama data.

DefiLlama figures showed Robinhood Chain recording almost $433 million in 24-hour DEX volume, surpassing Hyperliquid, which posted $296 million over the same period and $656.28 million in 7-day volume. Santiment noted massive demand for the chain tied to RWA and DeFi activity, alongside renewed attention to meme tokens including Cash Cat ($CASHCAT), which is up almost 60% over the past day.

The chain's surge follows recent remarks from Robinhood CEO Vlad Tenev, who sparked significant social media engagement after discussing the platform's approach to meme coins and a gas waiver for users. Cash Cat has emerged as a focal point of that activity, drawing outsized trading interest since the announcement.

Robinhood Chain is positioned by its developers as a permissionless, AI-native Layer-2 network designed for financial services and tokenized real-world assets, with the DEX volume figures reflecting usage that now outpaces one of the most closely watched perpetual-dex venues of the prior cycle.