BitMine, the world's largest Ethereum treasury firm founded by Tom Lee, has celebrated Robinhood Chain for its impressive growth within just over one week of launch.
A recent X post has seen BitMine acknowledge Robinhood Chain's growth as the network continues to boast of major milestones across the DeFi ecosystem.
Robinhood Chain surpasses $1 billion milestone
BitMine's appraisal came after a Robinhood executive shared a few major milestones the network has achieved in just about a week of launch.
The post revealed that Robinhood Chain has crossed over $1 billion in DEX volume, and has already reached 17 million transactions with nearly 350k total addresses registered on the blockchain.
In addition to this, Robinhood Chain also boasts of nearly reaching $250 million in its protocol TVL as it continues to see rapid adoption in just over one week after it launched.
This impressive growth has triggered a reaction from BitMine as it described the network as one of the biggest breakout launches the crypto community has seen in years.
Robinhood Chain Flips Ethereum
While Robinhood Chain has continued to cause a buzz across the community amid its unmatched emergence, the network continues to outperform existing blockchains in major DeFi activities.
Latest data have also shown that Robinhood Chain has flipped Ethereum in its 24-hour DEX volume, drawing attention from investors across the crypto space.
Per the data, Ethereum accounted for just $778 million in its DEX volume over the last 24 hours, while Robinhood Chain surpassed that volume with $877.56 million in the same metric.
Dan Burgin
U.Today Editorial Team
