Robinhood Chain Smashes DEX Volume Record, Surpasses Ethereum in Daily Revenue

Roninhood Chain achieved an unprecedented milestone on August 31 by recording $989 million in decentralized exchange trading volume within 24 hours. This performance coincided with a near 100% monthly gain, with the network's total value locked climbing to $708 million.

The network's daily app revenue reached $2.66 million, surpassing both Ethereum and Hyperliquid L1. The revenue concentration came from three primary sources: GMGN, Pons, and Uniswap. These applications collectively represented approximately 88% of the network's total app revenue for that day.

The stablecoin presence on the network expanded as well, climbing to approximately $770 million, a 47% monthly increase.