MEXC On-chain Daily Report： Robinhood Chain daily DEX volume surpassed $560 million

Updated: July 10 2026, 09:30 (UTC+8) | Author: MEXC

Headlines

• Robinhood Chain daily DEX volume surpassed $560 million
• BTC and ETH exchange balances fell to multi-year lows
• CFTC Chairman urged Congress to pass the CLARITY Act
• Strategy plans to launch a $1.25 billion Bitcoin monetization program
• SOL market FUD sentiment reached its highest level in 2026

Industry Updates

Robinhood Chain DEX Volume Exceeds $560 Million in a Single Day, CASHCAT Reaches $100 Million Market Cap Within Five Hours

According to Odaily, activity on the Robinhood Chain ecosystem continues to accelerate, with memecoins becoming the primary source of on-chain traffic. CASHCAT surpassed a $100 million market capitalization within five hours of launch, while Robinhood CEO Vlad Tenev also joined discussions surrounding the token. Data shows that more than 10,000 new tokens were created on Robinhood Chain in a single day, with DEX trading volume exceeding $560 million.  The ecosystem has also integrated applications such as Uniswap, NOXA Fun, DEXScreener, and GMGN.

More Than $7.2 Billion in Assets Migrated from LayerZero to Chainlink CCIP as Mantle Joins Migration

According to CoinDesk, Mantle is migrating its $2.5 billion Super Portal from LayerZero to the Chainlink CCIP standard to enhance cross-chain security and asset management. Projects including Kelp, Lombard, Solv Protocol, Virtuals, Re, and Kraken's tokenized assets have already completed similar migrations, bringing the cumulative migrated asset value to more than $7.2 billion. Mantle's migration is expected to be completed between July 9 and July 15, after which MNT will support interoperability across additional blockchain networks.

Gauntlet Raises $125 Million in Funding Led by SBI Holdings

According to Odaily, DeFi risk management platform Gauntlet has completed a $125 million funding round exclusively backed by SBI Holdings. Gauntlet provides risk management, asset allocation, and yield strategy evaluation services for institutions and protocols including Apollo, Coinbase, and Circle. The new funding is expected to accelerate the development of institutional-grade risk management products and DeFi infrastructure, highlighting continued traditional finance investment in on-chain financial services.

Ron Wyden Calls for Legal Protection of Non-Custodial Blockchain Developers Under the CLARITY Act

According to Bitcoin.com News, U.S. Senator Ron Wyden sent a letter to Senate leadership urging lawmakers to retain Section 604 of the CLARITY Act, arguing that non-custodial blockchain developers should not be classified as money transmitters solely for developing software. Coin Center, the DeFi Education Fund, and Galaxy Digital's Head of Research publicly supported the proposal, emphasizing that neutral software developers deserve legal protection while noting that the provision does not shield unlawful activities.

Eco Integrates TRON as Network Processes Over $2 Trillion in Transfers During Q1 2026

According to Bitcoin.com News, stablecoin infrastructure provider Eco has integrated the TRON network, allowing developers to directly access TRON stablecoin liquidity within applications and enable multi-chain USDT settlements. TRON processed more than $2 trillion in on-chain transfers during the first quarter of 2026 and currently supports approximately $86 billion in circulating USDT. As of July 2026, the network has surpassed 391 million accounts, processed over 14 billion transactions, and secured more than $26 billion in total value locked.

Hyperliquid and Phantom Jointly Recommend Updated DeFi Regulatory Framework to CFTC

According to The Block, Hyperliquid and non-custodial wallet Phantom jointly submitted comments to the U.S. CFTC, proposing a new regulatory framework tailored for DeFi infrastructure. They argued that existing regulations are designed for centralized financial systems and should not require blockchain protocol developers to register as exchanges or clearing agencies, nor classify non-custodial wallet interfaces as introducing brokers. The proposal also recommends allowing regulated institutions to utilize blockchain technology for trading and settlement.

BitGo to Launch Quantum-Resistant Bitcoin Wallet Security Solution

According to The Block, digital asset custodian BitGo plans to launch a quantum-resistant security solution for institutional Bitcoin wallets in the coming weeks. The new tool will help assess and mitigate quantum computing risks affecting UTXO-based wallets by enhancing key exposure management, optimizing UTXO structures, and introducing a patented UTXO grouping mechanism on top of existing multi-signature systems, further strengthening institutional Bitcoin security.

trade.xyz Launches Tokenized Trading for SK Hynix Shares

According to Odaily, trade.xyz has officially launched tokenized trading for SK Hynix shares with 24/7 market access. The product currently operates as a Pre-IPO contract tracking the value of one American Depositary Share (ADS) of SK Hynix. Once the company officially lists on Nasdaq, the contract will automatically convert into a standard XYZ perpetual contract, further expanding tokenized equities and RWA trading.

Meta Releases Muse Spark 1.1 and Launches Meta Model API

According to Odaily, Meta CEO Mark Zuckerberg announced the launch of the Muse Spark 1.1 model alongside the Meta Model API. The new model significantly enhances AI agent capabilities, tool usage, and computer interaction, supports a one-million-token context window, and enables coordinated execution across multiple sub-agents for desktop, mobile, and browser environments. Meta stated it will continue delivering high-performance AI agent and multimodal model services at lower costs.

MEXC Market Heatmap

Top 24H Gainers

• LVR/USDT (+86.89%)
• TAC/USDT (+73.02%)
• TOYL/USDT (+33.33%)

Top 24H Trading Volume

• BTC/USDT (418.735M)
• ETH/USDT (133.484M)
• USDC/USDT (69.447M)

Trending Meme Tokens

• FLORK/USDT
• DJI6930/USDT
• NEET/USDT

New Listing Announcement

• BANA/USDT — Listing Time: July 10, 2026, 16:00 (UTC+8)

On-Chain Calendar

High-Risk Token Unlocks

• Pump/USDT — July 12, 15:41 (UTC+8): $140.11M unlocked (25.6% of circulating supply), indicating extremely high short-term selling pressure.

Key Macro Events

• July 10, 01:30 — Fed official Logan speech (Fed policy outlook)
• July 10, 04:30 — Federal Reserve balance sheet release (market liquidity)
• July 10, 07:50 — Japan PPI (JPY and market sentiment)
• July 10, 14:15 — ECB official Vujčić speech (Eurozone policy signals)
• July 10, 20:30 — Canada employment and wage data (global rate expectations)

Security Alert

Recent attacks involving fake browser extension updates have increased. Cybercriminals are impersonating popular crypto wallets, blockchain analytics tools, and trading assistants, claiming users need to install updates for security patches or new features. Once installed, malicious extensions can steal browser cookies, wallet session data, and signature information, alter transaction details, or replace copied wallet addresses, resulting in asset theft. Because these fake extensions often closely resemble official versions, they can be difficult to identify. Users should only install or update browser extensions through official browser stores or project websites, avoid upgrading through pop-ups or third-party links, regularly review installed extensions, and promptly remove any that are unknown or no longer needed to better protect their digital assets.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.