Robinhood Chain Hits $989M DEX Volume as Activity Surges

• Robinhood Chain records $989M in single-day DEX volume.
• TVL reaches $708M after nearly doubling monthly.
• Utility projects gain momentum beyond memecoin activity.

Robinhood Chain reached a new milestone after recording $989 million in single-day decentralized exchange volume on Friday. The network also saw total value locked rise to $708 million, nearly doubling from the previous month. Stablecoin supply climbed to around $770 million, showing stronger liquidity growth across the chain.

Robinhood Chain launched as an Ethereum Layer 2 built on Arbitrum Orbit, settling transactions directly to Ethereum. The network gained rapid traction after launch, reaching billions in DEX volume during its first weeks.

Robinhood Chain Shifts From Memecoins to Utility

The growth pattern on Robinhood Chain has changed in recent weeks. July activity was mainly driven by memecoin speculation, including CASHCAT’s rise and later spot listing on Robinhood.

However, August trading moved toward infrastructure and utility-focused projects. PONS became one of the strongest performers, with its market capitalization rising from $20 million to more than $200 million during the month.

Another major ecosystem feature is LONG, a launchpad focused on tokens paired with tokenized stocks. The structure allows memecoins to trade against stock-linked assets, creating a different market model within Robinhood Chain.

Artificial Inu (AI), launched through LONG, gained attention after pairing with tokenized Nvidia stock. Its market capitalization increased from $1.5 million on August 1 to a peak of $135 million on August 30.

Robinhood Chain Builds Tokenized Asset Activity

Tokenized equities remain a key differentiator for Robinhood Chain. Memecoins paired with tokenized stocks now represent about a quarter of stock-linked trading volume on the network.

Additionally, utility projects such as Delta, UP, and NetNet gained momentum during August. These protocols expanded alongside rising liquidity and trading activity.

The shift suggests Robinhood Chain is developing beyond short-term speculation. The ecosystem now combines tokenized assets, launch platforms, and decentralized financial applications as trading activity continues expanding.