Robinhood Chain is clearing more than $800 million in daily decentralized exchange (DEX) volume about two weeks after its July 1 launch, driven largely by meme coins. According to BeInCrypto, Artemis CEO Jon Ma warned in an open letter to Robinhood CEO Vlad Tenev that the network’s early traction could become its biggest risk if it turns into a “meme coin chain.”
DefiLlama showed about $819 million in 24-hour DEX volume on Tuesday and $3.9 billion for the week, with the chain briefly surpassing Ethereum on Monday. Ma cited 300,000-plus daily active addresses, $40 million in annualized fees and $300 million in total value locked, while noting tokens such as Cash Cat (CASHCAT) and Robin Hood (FOX) leading activity.
Artemis CEO Warns Robinhood Chain’s Meme Coin Boom Could Become a Liability
2026-07-14 21:24:45
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