Robinhood’s blockchain bet is paying off faster than most expected. The Robinhood Chain, an Arbitrum-based Ethereum Layer 2 that went live on July 1, has seen its cumulative decentralized exchange volume reach approximately $34.6 billion by early September, with activity ramping up at an accelerating pace.
The chain ranked among the top five chains by DEX volume in its very first week, when it logged roughly $3.1 billion in cumulative trades. Daily volumes during that initial stretch hovered around $500 million or more. By early September, peak daily trading volumes were spiking between $989 million and over $3.7 billion.
What’s driving the surge
Two forces are colliding on Robinhood Chain to produce these numbers: memecoins and tokenized equities.
On the memecoin side, CASHCAT has been the standout performer, with its market cap peaking above $100 million during early trading frenzies.
