StoneX sees Robinhood Chain growth driven by brand, design and gas fee support

Robinhood Chain’s rapid growth is being supported by Robinhood’s strong brand, its permissionless design, gas fees subsidized through grants, and an expanding virtuous cycle between memecoins and tokenized stocks, The Block reported, citing an analysis by StoneX. Since its July 1 launch, Robinhood Chain’s total value locked has surpassed $1 billion within months, while daily DEX trading volume reached $1.88 billion as of Sept. 13.