Daily trading volume on decentralized exchanges built on Robinhood Chain rose 61% between Aug. 28 and Sept. 1, increasing from $989 million to $1.595 billion, according to DeFiLlama.
Sept. 1 metrics across the network
As of Sept. 1, the Ethereum Layer 2 network held $738.11 million in DeFi deposits and nearly $797 million in stablecoins. DeFiLlama also logged $353.96 million in daily perpetual futures volume and $2.524 billion in assets bridged onto the chain.
Those figures describe separate parts of the ecosystem. DEX volume tracks spot trading executed through blockchain applications rather than centralized exchanges. Total value locked, or TVL, measures assets deposited into DeFi protocols. Bridged value counts assets transferred onto Robinhood Chain whether or not they have been deposited into applications running there.
Mainnet launch was followed by a fast rise in activity
Robinhood Chain entered public testing in February 2026 and launched its Arbitrum-powered mainnet on July 1. The network supports around-the-clock trading in tokenized stocks, and eligible users can lend those assets or post them as collateral.
Trading accelerated during the first week of July. The chain processed more than 17 million transactions, attracted nearly 350,000 addresses, and generated more than $1 billion in cumulative DEX volume.
Later that month, DeFiLlama measured about $433 million in 24-hour DEX volume, which put the new network in fifth place among blockchains at the time. TVL stood at about $94 million, while stablecoin balances had moved past $260 million.
TVL and stablecoin balances are well above July levels
Compared with those July readings, current TVL is nearly eight times higher and stablecoin capitalization has roughly tripled. Decrypt noted that the comparisons may reflect differences in reporting times and methodology.
Johann Kerbrat outlined the chain’s positioning in August
In an August interview with Decrypt’s FOMO Hour, Robinhood crypto chief Johann Kerbrat said the chain had processed more than 200 million transactions. He described the strategy as balancing “two wolves”: conventional financial products on one side and the speculative tokens that draw crypto traders on the other.
According to Decrypt, meme coins powered much of the early activity on Robinhood Chain, overtaking the tokenized stocks that sat at the center of Robinhood’s initial pitch.