CryptoBriefing and Watcher.Guru give conflicting numbers for Robinhood Chain's trading volume, TVL, and stablecoin supply.
What all sources agree on
- Robinhood Chain's DEX trading, TVL, and stablecoin supply have all risen sharply in recent weeks.
- Tokenized stocks such as Nvidia are being used as collateral or paired against tokens in trading activity on the chain.
- Morpho Blue / Morpho is cited as a leading lending venue on the chain, tied to stablecoin activity.
Where the reports disagree
1Daily/24-hour DEX trading volume
Trading volume on the Ethereum layer 2 climbed 61% over a matter of days, with 24-hour DEX volume crossing $1.58 billion and weekly figures up nearly 90% according to DefiLlama data.
The network actually recorded $989 million in single-day DEX trading volume, a new record.
What would settle it: DefiLlama's or Robinhood Chain's own on-chain DEX volume data for the dates in question.
2Total value locked (TVL) on Robinhood Chain
Morpho Blue leads on the lending side, holding roughly $481 million in total value locked, which represents the majority of the chain’s overall TVL figure of approximately $735 million.
Robinhood Chain TVL also climbed to $708 million, close to double what it was just a month before.
What would settle it: DefiLlama's TVL tracker for Robinhood Chain on the relevant dates.
3Stablecoin supply on Robinhood Chain
Stablecoin supply sits at around $797 million, with USDG accounting for a significant share of that figure and serving as the main fuel for Morpho’s lending markets.
Stablecoin supply on the chain grew too, adding 47% month-over-month to reach around $770 million.
What would settle it: On-chain stablecoin supply data for Robinhood Chain, e.g. via DefiLlama or a chain explorer.
What to make of it
Treat the general direction of Robinhood Chain's growth as reported by both outlets as broadly agreed, but don't cite a specific dollar figure for its trading volume, TVL, or stablecoin supply until the underlying on-chain data is checked directly.
Treat the general direction of Robinhood Chain's growth as reported by both outlets as broadly agreed, but don't cite a specific dollar figure for its trading volume, TVL, or stablecoin supply until the underlying on-chain data is checked directly.