Robinhood Chain has overtaken Solana in 24-hour DEX volume for the first time, processing $1.45 billion on September 5th compared to Solana’s $1.25 billion. Robinhood Chain just crossed $3 billion in daily DEX volume with nearly $880 million locked, up 30% in one week. According to DeFiLlama data, Solana still leads the 30-day ranking with over $65 billion in cumulative volume. This activity rotation is also affecting Pump.fun, a major memecoin platform on Solana, whose volume dropped from $3.16 million to $1.18 million in eight days, with 53% of its volume now coming from Robinhood Chain. Analysts remain bullish on ETH as the SOL/ETH ratio has been oscillating around 0.04 for over a year, and Robinhood’s growing revenue on Ethereum ($6.8 million, a record for any L2) could be the catalyst for an ETH/SOL breakout.
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