Robinhood Chain DEX trading volume has plummeted by 72% from its peak, but its transaction count, total value locked (TVL), and stablecoin supply have all hit all-time highs.
58 minutes ago
After Robinhood Chain launched, its decentralized exchange (DEX) trading volume plummeted from a peak of roughly $878 million on July 11 to $241 million on August 1, marking a 72.5% drop. However, other core on-chain metrics rose across the board during this period: daily transaction count hit an all-time high of 13.3 million on August 5; total value locked (TVL) reached a record $433 million on August 6, while stablecoin supply also peaked at $597 million. The trading volume decline is not a market-wide trend: over the same period, total global DEX trading volume rose from $5.27 billion to $7.33 billion, while Robinhood Chain’s share of global DEX volume shrank from a peak of 16.65% to 4.32%. This points to a sharp contraction in average transaction value: DEX volume per transaction plummeted 74% from $105.56 on July 13 to $27.82 on August 4, before rebounding slightly to $39.07.
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