On Robinhood's blockchain ecosystem, memecoins are dominating trading activity compared to tokenized stocks and real-world assets (RWAs). The platform sees over 307,000 daily active addresses and $474 million in daily DEX trading volume, mostly driven by speculative memecoin demand. Popular memecoins like Cash Cat and Artificial Inu, a rival to Shiba Inu, highlight the trend of retail traders favoring volatile assets for potential high returns. Despite growth in tokenized assets, memecoins capture the majority of liquidity and attention on Robinhood Chain, reflecting a common pattern in crypto markets where retail interest leans towards high-risk tokens.
Shibariumscan, the explorer for Shiba Inu's Layer-2 network Shibarium, reported a sharp drop in displayed transactions from 1.56 billion to about 475 million, a 69.55% decline. This decrease is due to incomplete indexing after a DNS and hosting chang...
The Shibarium blockchain explorer, shibariumscan.io, is back online after downtime but without its usual branding and Shibnames support. The network itself remained operational despite a five-hour outage the previous day, though re-indexing is still ...
Robinhood has enabled cryptocurrency trading for eligible users in the UK, allowing them to buy and sell over 50 digital assets, including Shiba Inu (SHIB), directly within its app. This move provides a new, regulated channel for UK retail investors ...
Bitcoin's 90-day correlation with gold has surged from -0.9 to +0.7 due to fiscal and geopolitical risks, signaling a return of its 'digital gold' status. Meanwhile, Shiba Inu (SHIB) whale wallets have dropped to just 0.04% of holders, though they st...
Open interest in Shiba Inu (SHIB) futures has declined on eight out of ten major exchanges, indicating traders are closing positions faster than opening new ones. This reduction in leverage can reduce the risk of liquidation cascades that often cause...
