Robinhood’s Arbitrum-based Layer 2 chain posted a weekly decentralized exchange volume of approximately $10.47 billion, nearly double the prior week, putting it in the same conversation as Solana and Ethereum for DEX activity. Uniswap protocols, primarily versions 3 and 4, account for roughly 77% of all DEX volume on Robinhood Chain. Trading activity is dominated by memecoins and tokenized equities, including pairs for NVDA and AAPL, with daily volumes oscillating between $1.5 billion and $3.7 billion in early September. Total value locked on the chain climbed to approximately $757 million, while stablecoin supply stabilized between $770 million and $797 million. For a chain that only launched on July 1, this trajectory is particularly unusual.
Source: Read the original article
