Crypto Terminals Hit $1 Billion Daily Volume Mark as Retailers Flock to Robinhood Chain
Crypto trading terminals have seen a significant recovery in activity since early August. On September 2, daily volume across the sector crossed the $1 billion mark for the first time since the Official Trump token launch in January 2025. This milestone is notable, given that just two weeks prior, daily volume was around $338 million.
The market share of terminals on this record day showed that almost none of the volume came from the front-ends that dominated the last retail cycle. Instead, Gmgn and Fomo took nearly three quarters of the daily volume, with $479.74 million and $268.20 million in volume respectively.
Other terminals notched up significantly lower numbers, such as Axiom at $95.50 million, basedbot at $77.76 million, and pumpapp at $67.03 million. In contrast, the terminals that dominated the market share during the 2024 and early 2025 memecoin cycle have fallen down the pecking order, with Trojan at $2.63 million, Photon at $1.52 million, and BonkBot at $707,960.
When looking at daily volume by blockchain, it becomes clear that Robinhood Chain is driving growth. It accounted for 81% of terminal volume on this record day, followed by Solana with 14.5%. However, the market share chart makes Solana look like it collapsed, dropping from a dominant position in February and April to 14.5% on Wednesday.
A closer examination shows that Solana's dollar volume held steady, but Robinhood Chain added several hundred million dollars of daily flow on top, compressing everyone else's percentage without taking anything away from them.