Robinhood Chain's trading volume has surged, mainly driven by Meme coin speculation

According to CoinDesk, Robinhood is betting on the DeFi market through Robinhood Chain, aiming to bring 10 million active users onto the chain. On July 12th, Robinhood Chain's 24-hour DEX trading volume reached 878 million US dollars. At present, the online trading is mainly driven by Meme coins, and the market value of CASHCAT once reached $156 million, while the market value of RWA tokenized assets is only about $12.66 million. On July 13th, the trading volume of Robinhood Chain perpetual contracts was $5.9 million, while the trading volume of Hyperliquid during the same period was $8.9 billion. Robinhood Chain bridges TVL for approximately $734 million, with an actual on chain lock up volume of approximately $211 million.