Robinhood Chain Weekly Decentralized Exchange Volume Reaches $10.47 Billion

Robinhood Chain, an Arbitrum-based Layer 2 blockchain, reported a weekly decentralized exchange volume of approximately $10.47 billion. This figure represents a near doubling of the volume recorded during the previous week, positioning the network alongside Solana and Ethereum in terms of decentralized exchange activity.

The surge in activity is attributed primarily to Uniswap protocols, including versions 3 and 4, which account for about 77% of the total decentralized exchange volume on the chain. The remaining volume is distributed across smaller trading venues and launchpad platforms.

Trading activity is heavily influenced by speculation in memecoins and tokenized equities, such as pairs for NVDA and AAPL. According to the data, these trading flows are driven by crypto-native participants utilizing active trading protocols and terminals, rather than the retail brokerage user base of Robinhood.

Daily volumes in early September fluctuated between $1.5 billion and $3.7 billion, with a peak of $3.7 billion observed on September 5. Recent 7-day volumes have ranged from $8.2 billion to the current $10.47 billion.

The total value locked on the chain reached approximately $757 million by late August and early September, marking a nearly 100% increase from the previous month. Meanwhile, the stablecoin supply on the network has remained between $770 million and $797 million. By mid-August, the cumulative decentralized exchange volume on the chain had exceeded $47 billion since its launch on July 1.