Woofun AI reports that Robinhood Chain’s 24-hour decentralized exchange trading volume reached approximately $878 million on July 12, briefly exceeding Coinbase’s Base and Ethereum in rankings. Despite this surge, the network’s activity is primarily driven by meme coin speculation rather than its stated goal of tokenizing real-world assets. Data indicates that on July 13, perpetual contract trading volume was only about $5.9 million, significantly lower than Hyperliquid’s $8.9 billion during the same period.

Additionally, while bridged total value locked stands at around $734 million, actual on-chain TVL is approximately $211 million, with the RWA tokenized market cap at just $12.66 million. The recently launched CASHCAT token surged over 2,100% in one week, reaching a market cap of $156 million, which is twelve times larger than the entire RWA market on the chain. Robinhood stated that early activity meets expectations, emphasizing long-term goals to bring stocks and ETFs on-chain for 24/7 trading and lending services.