Robinhood Chain DEX Volume Surpasses Ethereum, Reaches $1.33 Billion
Robinhood Chain's decentralized exchange (DEX) volume has reached new heights, surpassing major blockchain networks such as Ethereum and BNB Chain. According to data from DefiLlama, Robinhood Chain recorded a 24-hour DEX volume of $1.33 billion, setting a record high for the fourth consecutive day.
The seven-day volume on the network also reached a staggering $6.16 billion, representing an impressive increase of 79% from the previous week. Only Solana posted higher trading volume among major networks.
Despite having a relatively low total value locked in DeFi at $725 million, Robinhood Chain's trading volume remained high due to accelerated memecoin trading. As a result, network fees surged to $1.07 million over 24 hours, comparable to the combined network fees generated by Ethereum and Solana.