Ethereum Bridged to Robinhood Chain Surpasses $700 Million, Up 150% in a Month
Minseung Kang
Summary
- The amount of ETH moved to Robinhood Chain has surpassed $700 million.
- That marks an increase of about 150% from a month earlier.
- ETH inflows have also risen sharply alongside gains in key on-chain metrics for Robinhood Chain, including DEX trading volume.
Forecast Trend Report by Period
The amount of Ethereum bridged to Robinhood Chain has surpassed $700 million.
Crypto media outlet U.Today reported on Sept. 8, citing Token Terminal data, that the amount of ETH bridged from the Ethereum mainnet to Robinhood Chain exceeded $700 million this month.
That marks an increase of about 150% from a month earlier. The rapid rise in ETH moving to Robinhood Chain suggests cross-chain asset transfers are also expanding.
U.Today added that ETH inflows have surged alongside gains in key on-chain indicators for Robinhood Chain, including decentralized exchange, or DEX, trading volume.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.