Two weeks after mainnet launch, total value locked topped $160 million, stablecoin market capitalization reached about $327 million, and cumulative DEX volume neared $4 billion.
Robinhood Chain’s first trading wave is shifting from meme coins to utility-focused projects, as early speculative leaders lose momentum after the network’s mainnet launch. Two weeks after going live, the chain’s total value locked, or TVL (crypto deposited in onchain protocols), had surpassed $160 million, stablecoin market capitalization stood at about $327 million, and cumulative DEX (decentralized exchange) trading volume was close to $4 billion. The hottest meme token in the first week had fallen from a peak market capitalization of $170 million to about $138 million, while HOODRAT and $JUGGERNAUT each dropped more than 25% over the same period.