Daily trading volume on Robinhood Chain’s decentralized exchanges jumped 61% between Aug. 28 and Sept. 1, rising from $989 million to $1.595 billion, according to DeFiLlama.

The Ethereum Layer 2 also held $738.11 million in DeFi deposits and nearly $797 million in stablecoins as of Sept. 1. Separately, DeFiLlama recorded $353.96 million in daily perpetual futures volume and $2.524 billion in assets bridged to the network.

Each figure covers a different category. DEX volume measures spot trades made through blockchain applications instead of centralized exchanges. Total value locked, or TVL, tracks assets deposited in DeFi protocols. Bridged value includes assets moved onto Robinhood Chain whether or not they have been deposited into those applications.

After entering public testing in February 2026, Robinhood Chain launched its Arbitrum-powered mainnet on July 1. The network supports round-the-clock trading of tokenized stocks, which eligible users can lend or use as collateral.

Trading took off during the first week of July. The network processed more than 17 million transactions, drew nearly 350,000 addresses, and generated over $1 billion in cumulative DEX volume.

DeFiLlama measured about $433 million in 24-hour DEX volume later that month, placing the new network fifth among blockchains at the time. TVL was about $94 million, and stablecoin balances had passed $260 million.

Compared with those July readings, current TVL is nearly eight times higher and stablecoin capitalization has roughly tripled, though the figures may reflect different reporting times and methodologies used.

In an August interview with Decrypt’s FOMO Hour, Robinhood crypto chief Johann Kerbrat said the chain had processed more than 200 million transactions. He described its strategy as balancing “two wolves”: conventional financial products and the speculative tokens that attract crypto traders.

Meme coins powered much of the early activity, eclipsing the tokenized stocks at the center of Robinhood’s initial pitch.