Robinhood Chain has launched a DEX (Decentralized Exchange) for three weeks, with a trading volume of over $90 billion. The weekly trading volume has ranked among the top five on the entire chain.

BlockBeats News, July 22, according to GMGN and DeFiLlama data, since the mainnet launch of Robinhood Chain on July 1, the total DEX trading volume has exceeded $9 billion. In the last 7 days alone, approximately $40.4 billion was traded, propelling the trading volume to the top five on the entire chain, surpassing ecosystems such as Polygon, Hyperliquid L1, and Arbitrum at one point.

The trading volume on Robinhood Chain has rapidly increased since its launch. In the first week, the DEX trading volume was still less than $1 billion, but there was a significant surge starting from July 8, with daily trading volume reaching over $5 billion multiple times. During this period, on-chain meme asset CASHCAT drove a large amount of speculative trading activity. Currently, the trading volume remains heavily concentrated in the Uniswap ecosystem. In the past 7 days, Uniswap V2/V3/V4 contributed to 96% of the on-chain trading volume.

Robinhood Chain is positioned as an Ethereum L2 based on the Arbitrum technology stack, targeting financial services and real-world assets, where stock tokens can be traded through protocols such as the Robinhood Wallet and Uniswap.

According to DeFiLlama data, the current DeFi TVL on the chain is approximately $305 million, stablecoin market cap is around $439 million, and active RWA market cap is about $64.22 million. Meme coins like CASHCAT still hold the top trading positions, while stock tokens have not yet become a major source of trading.