$1 Billion Daily Volume Day Marks Crypto Trading Terminals' Resurgence

Crypto trading terminals have seen a remarkable recovery in activity since early August, culminating in a record-breaking day on September 2. Data from onchain analyst adam_tehc showed that daily volume across the sector crossed the $1 billion mark for the first time since the Official Trump token launch in January 2025.

The daily volume figure of $1.03B is significant, given that it was at around $338 million just two weeks prior. Gmgn and fomo took nearly three-quarters of the daily volume, with Gmgn drawing in $479.74 million and fomo handling $268.20 million.

Notably, other terminals saw significantly lower activity, with Axiom coming in at $95.50 million, basedbot at $77.76 million, and pumpapp at $67.03 million. The terminals that dominated the market share during the 2024 and early 2025 memecoin cycle have fallen down the pecking order.

When looking at daily volume by blockchain, it becomes clear where this growth is coming from. Robinhood Chain accounted for $834.7 million of Wednesday's total, or 81.2% of terminal volume, with Solana coming second at 14.5%. BNB Chain took $33.8 million at 3.3%.

The market share chart makes Solana look like it collapsed, dropping from a purple block that held 80% or more of the category through February and April to 14.5% on Wednesday. However, this is misleading as Solana's absolute dollar volume held steady, while Robinhood Chain simply added several hundred million dollars of daily flow.