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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move designed to bolster liquidity for emerging decentralized ecosystems, VelvetX has integrated the Robinhood Chain to enable instant cross-chain swap operations. This new feature allows traders to execute direct asset swaps from Solana, Ethereum, Base, and BNB chains without the need for traditional software bridging. According to reports, the integration leverages the 0x protocol to simplify the user experience when moving liquidity to the newly launched Robinhood network.
This expansion comes as Robinhood experiences significant growth in its crypto services, with recent quarterly results showing a 161% year-over-year surge in crypto-related transaction revenue to $126 million per company filings. In comparison to peers, Robinhood is narrowing the gap with Coinbase, which reported consumer transaction revenue of $935 million in Q1 2024 per market data, making the VelvetX integration a strategic step to attract DeFi users.
Regarding market performance, HOOD shares stood at $106.02 (at close July 16, 2026) following a session high of $114.52. Investors are now monitoring liquidity stability on the new chain, while keeping an eye on upcoming Fed speeches scheduled for July 13, which could impact risk appetite across the technology and digital asset sectors.