Robinhood Chain tops $100bn in DEX volume after 3.5 months

Key points

• DefiLlama puts Robinhood Chain's all-time DEX volume at $112bn, including $56bn in September alone.
• Its 30-day DEX volume of $38.6bn beats Base's $30.5bn and is nearly 7x Arbitrum One's $5.65bn.

Robinhood Chain has cleared $100bn in cumulative DEX volume just 3.5 months after its 1 July mainnet launch, according to DefiLlama data flagged by Bitcoin.com News. The dashboard puts all-time decentralised exchange volume at about $112bn, with roughly $1.17bn traded in the past 24 hours. Robinhood opened a public testnet in February before switching on the mainnet on 1 July.

The monthly figures show the pace of growth: about $15.3bn in July, $19.4bn in August and $56bn in September, nearly three times August's total. October has added roughly $14.3bn through the first two weeks. Over the past 30 days the chain processed about $38.6bn, against $30.5bn on Base and $5.65bn on Arbitrum One, while Solana leads at $71.5bn.

Most activity runs through Uniswap, whose V3 and V4 offerings account for about $46.9bn and $36.4bn of all-time volume respectively, roughly three-quarters of the total. Total value locked sits near $1.06bn, with stablecoin market cap above $1bn, real-world asset holdings above $324m and total fees above $46m.

Part of September's surge came with a subsidy: Robinhood covered gas costs for qualifying swaps through Robinhood Wallet until 11:59 p.m. EST on 29 September. October's pace has cooled to about $1.1bn a day from roughly $1.87bn a day in September.

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