Robinhood Chain, the brokerage's Ethereum Layer-2 network, recorded $3.7 billion in 24-hour decentralized exchange volume, a new all-time high. The network launched its mainnet on July 1, 2026, and has since climbed into the top five global chains by DEX volume, driven by memecoin trading and tokenized equities.
Robinhood Chain just posted $3.7 billion in 24-hour decentralized exchange volume, a new all-time high for a network that didn't exist before July. The milestone caps a rapid climb for Robinhood's Ethereum Layer-2 network, which launched its mainnet on July 1, 2026 and has since moved into the top five networks globally by DEX volume.
From memecoins to billions
Robinhood Chain runs on Arbitrum's Orbit stack, an L2 that inherits Ethereum's security while cutting transaction costs. The public testnet went live in February 2026, and the mainnet followed five months later.
Daily volume hit roughly $560 to $570 million by July 8 and 9, driven largely by memecoin trading. By July 11, the network set its first notable all-time high at approximately $878 million. Late August brought another jump: daily volumes climbed to between $920 and $944 million, with $875 million recorded on August 30 alongside 5.52 million transactions that day. By early September, single-day transaction volumes reportedly approached $1.3 billion to $1.9 billion. Cumulative DEX volume on the chain had already surpassed $47 billion by mid-August.
Uniswap and tokenized stocks drive the flow
Uniswap v3 and Uniswap v4 dominate the trading infrastructure, accounting for roughly 90% of trading volume on peak days. Memecoins lit the initial fuse: CASHCAT, the chain's breakout token, fluctuated between $100 million and $156 million in market cap during its early weeks, while launchpads like Pons made it easy for new tokens to find buyers.
Robinhood Chain has also leaned into tokenized real-world assets. Tokenized versions of stocks like Nvidia and Apple have traded on the platform, with a single-day record of $85 million in tokenized stock trading on August 25. Total value locked on the chain reached between $700 million and $800 million by late August, alongside a sharp rise in stablecoin supply.
A more crowded L2 field
Robinhood's entry into the Layer-2 race carries weight because of scale: the company has roughly 24 million funded accounts on its traditional brokerage platform, and funneling even a small share of them on-chain creates meaningful volume. Unlike most L2s, which compete for the same DeFi-native traders, Robinhood is positioning its chain as a bridge between traditional finance and decentralized infrastructure, using tokenized stocks to give retail investors a reason to interact with DeFi.
Source: Crypto Briefing
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