Robinhood Chain records $989M single-day DEX volume with TVL climbing to $708M, driven by shift toward utility tokens and tokenized-stock pairs.
DeFi & Yields ·
Robinhood Chain, an Arbitrum-based layer-2 network, recorded $989M in single-day decentralized exchange volume, with total value locked climbing to $708M. Stablecoin supply on the chain expanded 47% month over month during the same period.
The surge reflected a compositional shift in trading activity away from memecoins toward utility and infrastructure tokens, alongside new tokenized-stock trading pairs introduced on the network. These moves suggest growing merchant and retail interest in on-chain assets beyond speculative instruments.
The gains in volume and liquidity demonstrate rising adoption on the layer-2, though the material acknowledges that a portion of trading activity stems from volatile, thinly traded pools. The sustainability of this growth and whether the token-composition shift persists remain unresolved questions.