Robinhood Chain $875M DEX Record on Tokenized Stocks
Robinhood Chain DEX volume hit $875M on Aug 30, driven by tokenized stocks. Apps generated $2.66M in 24h revenue, topping Ethereum and Hyperliquid.
Alpha Score of 56 reflects moderate overall profile with weak momentum, moderate value, poor quality, strong sentiment.
Robinhood Chain posted its highest daily decentralized exchange volume on Aug. 30, reaching $875 million, according to Wu Blockchain Data Center. Uniswap v4 accounted for $432 million of that total, while Uniswap v3 contributed $357 million. Network transactions also hit a record 5.52 million that day.
The surge was driven largely by tokenized equities. The seven most-traded tokenized stocks generated $4.3 billion in DEX volume over the past 30 days, Token Terminal reported. Three of those seven assets trade on Robinhood Chain. Uniswap alone has processed roughly $1.5 billion in tokenized stock volume on the network in about six weeks.
Pons, the largest token launchpad on Robinhood Chain, also set records: 22,600 token creations and $187 million in volume on Aug. 30.
The activity translated into revenue for applications on the chain. On Aug. 31, apps on Robinhood Chain generated $2.66 million over 24 hours, outpacing Hyperliquid L1 at roughly $1.7 million and Ethereum at $1.27 million for the same period, Wu Blockchain data show. Base recorded about $438,000.
The growth highlights how tokenized equities are creating a new stream of trading fees for DeFi venues and transaction demand for blockchain infrastructure. For a closer look at the structural differences between tokenized stocks and direct equity ownership, see our earlier piece on RIVNon vs RIVN.
The record volumes come as the network and its largest pools face unresolved questions around smart contract risk and regulatory treatment of tokenized securities in the U.S. No new incidents have been reported, but the concentration of liquidity in a handful of Uniswap pools and on a relatively new chain means the setup carries tail risks that market participants are monitoring.
Uniswap v4 alone processed $432 million of the Aug. 30 volume, according to Wu Blockchain.
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