Robinhood Chain's latest on-chain data shows a sharp divergence: its decentralized exchange (DEX) trading volume has tumbled 72.5% from a peak of roughly $878 million reached on Jul 11 to $241 million on Aug 1, according to BlockBeats. While DEX volume has cooled, other metrics on the network are setting records. Daily transaction count hit an all-time high of 13.3 million on Aug 5, total value locked (TVL) reached $433 million on Aug 6, and stablecoin supply peaked at $597 million. The volume slide was not a broader market trend. Global DEX trading volume rose from $5.27 billion to $7.33 billion in the same period, while Robinhood Chain's share of that total fell from a peak of 16.65% to 4.32%. The data also shows a sharp decline in average per-trade DEX volume, from $105.56 on Jul 13 to $27.82 on Aug 4, a drop of 74%, before ticking back up to $39.07.
According to BlockBeats, Robinhood Chain's decentralized exchange (DEX) trading volume has fallen sharply from its post-launch peak. On Aug 1, DEX volume stood at $241 million, down 72.5% from roughly $878 million on Jul 11.
Other on-chain metrics headed in the opposite direction. Daily transaction count reached an all-time high of 13.3 million on Aug 5. Total value locked (TVL) hit $433 million on Aug 6, and stablecoin supply peaked at $597 million.
The decline was not a marketwide move. Global DEX trading volume rose from $5.27 billion to $7.33 billion over the same period, while Robinhood Chain's share of global DEX volume contracted from a peak of 16.65% to 4.32%.
The data also highlights a sharp drop in average trade size. Per-trade DEX volume fell 74%, from $105.56 on Jul 13 to $27.82 on Aug 4, before ticking back up to $39.07.
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