Robinhood Chain Smashes Records with $874.8 Million Daily Volume

Robinhood Chain has reached its highest daily volume of $874.8 million in decentralized exchange (DEX) trading, surpassing Ethereum and Hyperliquid in 24-hour app revenue.

The record-breaking day saw 5,521,213 transactions on the chain, making it the largest day since mainnet went live on July 1.

Pons.family, a permissionless token launchpad on Robinhood Chain, accounted for nearly half of the DEX volume with $445.98 million in token trading yesterday.

The platform's success can be attributed to its low fees and high liquidity, as well as the fact that it currently routes 80% of protocol fees into an automated TWAP buyback that sends PONS to a burn address, per the protocol's documentation.