Every Zipp story tagged #OnChainVolume, newest first.
The 97% fee drop creates a sharp gap between usage and monetization, putting Robinhood Chain’s tokenized-stock strategy under pressure even as activity remains high.
The milestone lands at a moment when Hyperliquid alone controls 30% of perps DEX flow, signalling that perpetual DEXs are no longer a niche corner of crypto trading.
The L2's on-chain activity is doing something ETH's L1 fees have struggled to do: pull new users and capital into the Ethereum ecosystem.
A single private stock now drives 31% of all onchain equity trading. The bid tells you where capital is parking while it waits for direct IPO access.
The headline figure is volume. The structural story is that hard-to-access private names like SpaceX are now routable on-chain, turning illiquid equity exposure into a tradable instrument.
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