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Robinhood Chain DEX Volume Reaches Record $560 Million

Published by
Nidhi Kolhapur

Robinhood Chain’s decentralized exchange recorded more than $560 million in daily trading volume on July 8, marking a new high, according to the source. Daily active addresses approached 200,000, including more than 140,000 first-time users. The network also saw nearly 16,000 new tokens launched in one day, with seven meme coins reaching market capitalizations above $1 million. Investors will watch whether user activity and trading volumes remain strong in the coming days.

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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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