Robinhood Chain DEX volume reached a record $989 million daily as TVL grows and utility tokens gain traction over memecoins.
DeFi & Yields ·
Robinhood Chain achieved $683 million in total value locked and generated $2.66 million in revenue over 24 hours, positioning it as the second-largest blockchain by daily revenue ahead of Ethereum. The surge was fueled by multiple asset classes launching simultaneously: artificial intelligence agents accounted for $77 million in trading volume during the chain's first week, tokenized equities like AMC traded at $130 on Robinhood compared to $20 elsewhere—an eightfold premium—and meme coins entered the ecosystem at a rapid pace. Uniswap's stock token reached $1 billion in cumulative volume with $130 million in daily activity, while PONS achieved a $443 million market capitalization and CashCat was integrated into Robinhood's mobile application.
DEX volume on the chain reached close to $1 billion daily, reflecting broader momentum across the network's ecosystem. The concurrent adoption of real-world asset tokens, autonomous trading agents, and speculative meme coins suggests the chain is capturing activity across institutional, algorithmic, and retail segments.
It remains unclear whether this activity level will sustain or consolidate around specific token categories, and whether regulatory scrutiny of tokenized securities or AI-driven trading will affect future growth trajectories on the platform.