Deepstate, an order book-style decentralized exchange, will launch on Robinhood Chain next week, founded by Joseph DeLong, former CTO of SushiSwap. The project started as a side project alongside his stablecoin card startup Colossus before growing beyond its original scope. Robinhood Chain, which launched on July 1, 2026, recorded $3.1 billion in DEX volume within its first week, alongside over 65,000 active users and $13 million in tokenized stock trading. This order book trading platform differs from typical DEXs that use automated liquidity pools, offering tighter spreads and more precise execution. As of July 24, 2026, no specific details about Deepstate’s supported assets, fee structure, or liquidity arrangements have been publicly disclosed.
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