Robinhood Chain DEX Daily Volume Nears $1.9 Billion, Highest Since Launch
Summary
- Robinhood Chain-based DEX daily trading volume reached $1.89 billion, the highest level since launch.
- Token issuance platform Pons held the largest share, with more than 24,000 tokens issued in a single day.
- The jump 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. That was the highest level since the blockchain launched in July.
Among token issuance platforms, Pons accounted for the largest 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. Uniswap (UNI) also benefited from activity on Robinhood Chain, with daily fee revenue rising to $10.3 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul