Robinhood Chain Rockets to $10B Weekly DEX Volume

Roger that: Robinhood Chain has been on an incredible tear in recent weeks. The company's Arbitrum-based Layer 2 blockchain just posted a weekly decentralized exchange volume of roughly $10.47 billion, nearly double what it recorded the week prior.

This puts Robinhood's network firmly in the same conversation as Solana and Ethereum for DEX activity. What's driving this massive volume? Uniswap and speculation are the primary culprits, with Uniswap protocols accounting for approximately 77% of all DEX volume on Robinhood Chain.

The types of assets being traded tell a revealing story. Memecoins and tokenized equities, including pairs for NVDA and AAPL, make up a significant share of the action. Daily volumes have been oscillating between $1.5 billion and $3.7 billion throughout early September, with the peak hitting $3.7 billion on September 5.

The trading flows are predominantly coming from crypto-native participants using trading terminals and active trading protocols, not from Robinhood's retail brokerage user base. Total value locked on the chain climbed to approximately $757 million by late August and early September, representing a close to a 100% increase from the prior month.