Robinhood's Own Blockchain Is Approaching $1B in Locked Value — And Uniswap Is the Engine Behind It
(50 days ago) · 1 source · Summarized by CryptoBipto
Robinhood Chain is nearing $1 billion in total value locked (TVL), with Uniswap serving as a primary driver of liquidity on the network, according to a report from Standard Chartered. The growth signals significant traction for Robinhood's foray into blockchain infrastructure, with decentralized exchange activity playing a central role in the chain's early adoption.
WHY IT MATTERS
Think of Total Value Locked (TVL) as the amount of money people have deposited into apps on a blockchain — like how much cash is sitting in all the bank accounts at a particular bank. Robinhood, which most people know as a stock-trading app, has built its own blockchain (essentially its own digital highway for transactions), and nearly $1 billion worth of crypto has already been deposited into applications running on it. Uniswap, a popular app that lets people swap one cryptocurrency for another without a middleman, is one of the main reasons money is flowing in. This matters because it shows that a company millions of everyday investors already use is building deeper into the crypto world — potentially making DeFi accessible to people who've never used it before.
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