Robinhood Chain Sees DEX Volume Soar to $1.6 Billion

Riding high on its Arbitrum-powered mainnet, Robinhood Chain's decentralized exchanges (DEX) volume has skyrocketed to $1.595 billion in just four days, a 61% increase from August 28.

This surge is part of the network's rapid growth since its public testing began in February and launched on July 1.

The Ethereum Layer 2 also holds significant amounts, with DeFi deposits totaling $738.11 million and nearly $797 million in stablecoins as of September 1.