Robinhood Chain DEX Daily Volume Nears $1.9 Billion, Sets Record High
Summary
- Daily trading volume on DEXs built on Robinhood Chain reached $1.89 billion, marking the highest level since the network’s launch.
- Pons, a token issuance platform, held the largest market share, with more than 24,000 tokens issued in a single day.
- The surge in trading volume pushed Pons’s 24-hour fee revenue to $5.95 million and Uniswap (UNI)’s daily fee revenue to $10.3 million.
Forecast Trend Report by Period
Daily trading volume on decentralized exchanges built on Robinhood Chain, the proprietary blockchain of U.S. stock trading platform Robinhood, has climbed to nearly $1.9 billion.
BlockBeats, citing Dune Analytics data, reported on Sept. 3 that daily DEX volume on Robinhood Chain recently reached $1.89 billion. The figure marked the highest level since Robinhood Chain launched in July.
Among token issuance platforms, Pons held the largest market share. More than 24,000 tokens were issued through Pons on Sept. 2 alone.
The surge in trading volume also boosted fee revenue for major protocols. Pons generated $5.95 million in fees over the past 24 hours, while Uniswap (UNI) saw daily fee revenue rise to $10.3 million on the back of activity on Robinhood Chain.
