Robinhood Chain Smashes Daily DEX Volume Records
The Robinhood Chain has broken its own records for daily decentralized exchange (DEX) volume in August, reaching an unprecedented $944 million on multiple occasions. The blockchain, launched just two months ago, has seen trading volumes increase exponentially since its inception on July 1.
On August 30, the chain recorded a staggering $875 million in DEX volume and 5.52 million daily transactions, with Uniswap's v4 deployment accounting for nearly half of this activity at $432 million. The older version of Uniswap, v3, contributed another $357 million to the total.
The network has also seen significant interest from users trading tokenized real-world assets (RWA), with daily records being set in mid-August at $85 million. Popular stocks such as NVIDIA and Apple have been among the most actively traded RWAs on the platform.
Cumulatively, DEX volumes on Robinhood Chain have surpassed $47 billion since its launch, with hundreds of millions of transactions processed in less than two months. The Arbitrum-powered chain has proven itself to be a formidable player in the Layer 2 network landscape.