Robinhood Chain TVL hit $588.9 million as deposits surged past $500 million, but daily active users dropped 7% to around 275,000 in late July

Robinhood Chain surpassed 2 million monthly active users, up 50% in a week, with $480M TVL and $8-9B in DEX volume since its July 1 launch.

The number of active accounts on Roinbhood Chain averaged around 275,000 per day, down by 7% week-over-week.