Robinhood Chain DEX Quantity Jumps to $1.6 billion – Decrypt

In short
Robinhood Chain generated $1.595 billion in 24-hour DEX quantity.
DeFi TVL reached $738.11 million.
Stablecoin market capitalization rose to $796.74 million.
Each day buying and selling quantity on Robinhood Chain’s decentralized exchanges jumped 61% between Aug. 28 and Sept. 1, rising from $989 million to $1.595 billion, based on DeFiLlama.The Ethereum Layer 2 additionally held $738.11 million in DeFi deposits and almost $797 million in stablecoins as of Sept. 1. Individually, DeFiLlama recorded $353.96 million in every day perpetual futures quantity and $2.524 billion in property bridged to the community.Myriad: The place does Solana value go subsequent? Click on to make your prediction.Every determine covers a unique class. DEX quantity measures spot trades made by means of blockchain functions as an alternative of centralized exchanges. Whole worth locked, or TVL, tracks property deposited in DeFi protocols. Bridged worth consists of property moved onto Robinhood Chain whether or not or not they've been deposited into these functions.After coming into public testing in February 2026, Robinhood Chain launched its Arbitrum-powered mainnet on July 1. The community helps round the clock buying and selling of tokenized shares, which eligible customers can lend or use as collateral.Buying and selling took off through the first week of July. The community processed greater than 17 million transactions, drew almost 350,000 addresses, and generated over $1 billion in cumulative DEX quantity.DeFiLlama measured about $433 million in 24-hour DEX quantity later that month, putting the brand new community fifth amongst blockchains on the time. TVL was about $94 million, and stablecoin balances had handed $260 million.In contrast with these July readings, present TVL is sort of eight instances larger and stablecoin capitalization has roughly tripled, although the figures could replicate completely different reporting instances and methodologies used.In an August interview with Decrypt’s FOMO Hour, Robinhood crypto chief Johann Kerbrat stated the chain had processed greater than 200 million transactions. He described its technique as balancing “two wolves”: standard monetary merchandise and the speculative tokens that appeal to crypto merchants.Meme cash powered a lot of the early exercise, eclipsing the tokenized shares on the middle of Robinhood’s preliminary pitch.Each day Debrief NewsletterStart every single day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.