Robinhood Chain Hits $3.1 Billion in DEX Volume in First 7 Days, Cracks Top Five

Robinhood Chain broke into the top five blockchains by decentralized exchange volume after recording $3.1 billion in DEX trading in its first week.

The Block reported on July 13 that Bernstein Research said in a report that the chain logged about $3.1 billion in cumulative DEX volume in the seven days after its public mainnet launch. On some days, it ranked third in 24-hour DEX volume across all chains, behind only Solana and BNB Chain. Bernstein analyst Gautam Chhugani wrote that about 65,000 users now hold $13 million in tokenized stocks and $300 million in stablecoins on the chain.

Robinhood Chain launched its public mainnet on July 1. Built on Arbitrum, Ethereum's layer-2 network, the chain is geared toward financial services and real-world asset tokenization. It is also permissionless, allowing external developers to participate freely. Uniswap, Morpho, Layer, Chainlink and BitGo are integrated into the ecosystem, which offers tokenized stocks, decentralized lending and perpetual futures.

Tokenized stocks are currently available in more than 120 countries outside the US and trade 24 hours a day on decentralized exchanges. Users can post them as trading collateral or deposit them into lending pools to earn yield. Through its partnership with Morpho, Robinhood also lets eligible US users deposit the dollar-pegged stablecoin USDG directly in the Robinhood app for a 7% annual yield.

Initial trading was dominated by speculative meme-coin activity, but the user base broadened as liquidity from crypto-native traders flowed in. Total value locked on the chain surpassed $100 million within 15 days of launch.

That same week, Ondo Finance introduced third-party tokenized securities structured to comply with existing US regulations, adding competition. Ondo uses a model in which tokens are issued through a registered transfer agent and shareholder rights are assigned to holders.

The market for tokenized real-world assets continued to grow even as the broader crypto market fell about 25% from the start of the year. The Block said the sector's market capitalization climbed about 50%, from $35 billion at the end of 2025 to more than $51 billion recently. Bernstein maintained its outperform rating on Robinhood and kept its $130 price target.