Robinhood Chain has overtaken Solana in daily decentralized exchange (DEX) volume, processing $1.45 billion compared to Solana's $1.25 billion on September 5. This shift challenges Solana's long-held dominance, as Robinhood also recently crossed $3 billion in daily DEX volume and increased locked assets by 30% in a week. The rise in Robinhood's activity is boosting Ethereum's ecosystem, with record revenues and growing liquidity, potentially triggering a breakout in the ETH/SOL ratio. This trend signals a rotation in on-chain activity favoring Ethereum, which could strengthen its market position heading into Q4.
Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key ...
Tokenized stock trading volume reached nearly $3 billion weekly in August, driven by Robinhood Chain, BNB Chain, and Solana, which dominate blockchain-based equity trading. This growth highlights the rapid expansion of markets allowing investors to t...
Solana's price is steady near $103 after recovering above the key $98 level, suggesting a near-term recovery despite an ongoing broader correction. Technical analysis indicates $110 as the next major resistance to watch, with a potential breakout tar...
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
A public dispute between Offchain Labs and Solana co-founders highlights differing views on Robinhood Chain's fee model. Robinhood Chain, built on Arbitrum Orbit, charges around $0.40 per transaction during congestion, generating significant daily fe...
