Ronin Chain Trades Record $874.8M Volume as Uniswap Dominates

Ronin Chain, the Layer 2 network built by Robinhood on Arbitrum technology, has reached a new milestone in decentralized exchange volume. On August 30, Ronin Chain traded $874.8 million, its busiest day yet since launching on July 1.

The majority of this trading activity came from Uniswap version 4, which handled $432 million, followed closely by version 3 at $357 million. These two versions together accounted for nearly 90% of the total volume.

Ronin Chain's applications also outperformed Ethereum and Hyperliquid in terms of revenue over a 24-hour period. According to DefiLlama, the chain earned $2.66 million, surpassing both Ethereum at $1.27 million and Hyperliquid at $1.7 million.