Robinhood

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<h3 id="key-highlights">Key Highlights</h3><ul><li>On August 31, Robinhood Chain recorded an all-time high of $989 million in DEX trading volume within 24 hours</li><li>The network’s total value locked climbed to an unprecedented $708 million, reflecting a near 100% monthly gain</li><li>Daily app revenue reached $2.66 million, surpassing both Ethereum and Hyperliquid</li><li>GMGN, Pons, and Uniswap collectively accounted for 88% of the day’s revenue generation</li><li>US users still cannot access Stock Tokens on the platform, despite this being a central component of the original vision</li></ul>On August 31, Robinhood Chain achieved an unprecedented milestone with $989 million in decentralized exchange trading volume recorded in just one day. This performance coincided with the network reaching $708 million in total value locked, representing a nearly 100% surge compared to the previous month.<blockquote class="twitter-tweet">Robinhood Chain’s 24-Hour App Revenue Surpasses Ethereum and Hyperliquid L1, Nearly 6x Base’sAccording to DeFiLlama data, Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing Hyperliquid L1’s $1.7 million and Ethereum’s $1.27 million, and… <a href="https://t.co/TwkQ81bqvc" rel="noopener noreferrer nofollow">pic.twitter.com/TwkQ81bqvc</a>— Wu Blockchain (@WuBlockchain) <a href="https://x.com/WuBlockchain/status/2094265139126214757?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 31, 2026</a></blockquote>The stablecoin presence on the network expanded as well, climbing to approximately $770 million—a 47% monthly increase.<h3 id="daily-revenue-surpasses-major-competitors">Daily Revenue Surpasses Major Competitors</h3>Data from DeFiLlama reveals that the network pulled in $2.66 million in application revenue during a single 24-hour period. This performance positioned it above Hyperliquid’s $1.70 million and <a href="https://coincentral.com/ethereum-eth-price-etf-inflows-hit-highest-level-since-october-as-golden-cross-forms/" rel="noopener noreferrer nofollow">Ethereum</a>‘s $1.28 million. Only Solana registered higher earnings at $5.07 million.The revenue concentration came from three primary sources. GMGN, a Telegram-based trading bot, generated the largest share with $803,000. Pons, a chain-native token launchpad, brought in $632,000. Uniswap contributed $235,000 following its fee implementation on Robinhood Chain in late July.These three applications collectively represented approximately 88% of the network’s total app revenue for that day.When examined over a monthly timeframe, the competitive landscape changes. Hyperliquid has accumulated $53.41 million in 30-day app revenue, while Robinhood Chain generated $23.23 million during the same stretch. The August 31 performance represents a single-day peak rather than a sustained trend reversal.<h3 id="the-real-source-of-trading-activity">The Real Source of Trading Activity</h3><a href="https://coincentral.com/robinhood-hood-stock-why-it-surged-8-on-tuesday/" rel="noopener noreferrer nofollow">Robinhood</a> Chain went live on July 1, 2026, operating as an Ethereum Layer 2 solution constructed on the Arbitrum Orbit framework. The platform was marketed primarily around real-world asset tokenization, with emphasis on stock tokens.However, that use case isn’t fueling the current metrics. GMGN and Pons are attracting memecoin traders and launchpad participants. Robinhood CEO Vlad Tenev referenced this reality in a July statement, noting that the chain “works great for memes too.”July’s activity centered on memecoin speculation surrounding CASHCAT. August witnessed a transition toward utility and infrastructure tokens. PONS, among the chain’s primary launchpads, experienced explosive growth from a $20 million valuation to over $200 million within 30 days.Trading pairs that combine memecoins with tokenized stocks now represent approximately 25% of all stock-related volume on the platform. The most prominent example is Artificial Inu matched with tokenized Nvidia, which expanded from a $1.5 million market cap on August 1 to a high of $135 million on August 30.After deducting Ethereum Layer 1 expenses and Arbitrum program costs, the chain produced $495,000 in net gas revenue on August 31.A significant constraint persists. Stock Tokens remain inaccessible to US-based users, effectively locking out Robinhood’s primary customer demographic from the platform’s signature offering.Competition in blockchain-based equity trading is intensifying. Coinbase’s Deribit exchange introduced stock perpetuals in August, while Kraken launched combined US stock and xStock trading capabilities in Europe, demonstrating rapid market evolution.Goldman Sachs maintains an optimistic outlook on Robinhood stock heading into the latter half of the year.The post <a href="https://blockonomi.com/robinhood-hood-chain-sets-dex-volume-record-and-surpasses-ethereum-in-daily-revenue/" rel="noopener noreferrer nofollow">Robinhood (HOOD) Chain Sets DEX Volume Record and Surpasses Ethereum in Daily Revenue</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Robinhood (HOOD) Chain Sets DEX Volume Record and Surpasses Ethereum in Daily Revenue

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