Robinhood Chain recorded 191,855 daily active wallets on July 20, placing second among all EVM spot decentralized exchanges.
Dune data shows the network trailed only BNB while surpassing Base and Polygon in daily wallet activity.
The result represents 191,855 wallets from a combined 864,665 across tracked EVM chains. It comes less than three weeks after Robinhood Chain launched its mainnet on July 1.
Source: Dune
Since launch, the network has also moved ahead of Base in daily transactions among Ethereum Layer 2 networks. Around 26,000 new tokens have launched on the chain each day on average, supporting rapid trading activity.
Robinhood Chain Expands Through Existing Distribution
Robinhood entered the market with access to about 28 million users, giving the network immediate distribution. Major decentralized finance protocols, including Uniswap and Morpho, were available from the first day.
Morpho currently holds most of the network’s roughly $266 million in total value locked. This early lending and liquidity infrastructure gave users access to more than token creation and spot trading.
Source: DefiLlama
Many new blockchains begin as execution layers before lending markets and deeper liquidity become available. Robinhood Chain launched with both services already operating, providing additional uses for wallets after initial token-launch activity.
Launchpad Leadership Changes Without Slowing Wallets
Noxa initially dominated Robinhood Chain’s launchpad market during the first two weeks. No competing platform approached its early activity, and Noxa briefly generated more fees than Pump.fun, Solana’s leading launchpad.
On July 11, Noxa stopped accepting new token launches after bots created a large wave of copycat assets. Its website and related domains went offline several days later.
Pons. family then moved into the leading position. By July 20, the platform recorded $90.2 million in launchpad token volume.
Noxa’s departure pushed CASHCAT, the network’s main memecoin, and overall DEX volume below previous peaks. Daily active wallet numbers still increased during the transition, showing that activity continued while launchpad leadership changed.
Active Wallet Data Carries Important Limits
Daily active wallets do not equal individual users. One person may control several addresses, meaning the 191,855 figure measures wallets rather than verified people.
Launchpad activity also introduces security concerns. Noxa’s closure demonstrated how quickly a leading platform can disappear after gaining a dominant market position.
Robinhood originally presented the chain as infrastructure for tokenized real-world assets. Those assets currently total about $49 million, compared with approximately $266 million in network TVL.
Launchpad trading therefore accounts for much of the visible activity behind the wallet ranking. The July figures confirm strong wallet participation and an established DeFi base, while real-world assets remain a smaller part of current network activity.
The data does not establish whether tokenized assets will become a larger share of the chain’s activity as the network develops over time.
