Robinhood Chain volume record $389.5 million on 1 September

Dune Analytics put Robinhood Chain daily volume at $389.5 million on 1 September, with meme coins and stock pairs at $217.6 million. DeFiLlama showed $1.56 billion in DEX volume.

Robinhood Chain volume hit $389.5 million on 1 September

Robinhood Chain recorded $389.5 million in daily trading volume on 1 September, a new high on Dune Analytics.

Meme coins and stock pairs — onchain tokens that track listed equities — accounted for $217.6 million of that total.

The session extends a fee record already noted.

Traders in those pairs, and anyone supplying liquidity on the chain, are the parties exposed to the spike.

Robinhood and Arbitrum have not confirmed the dashboard figures.

Volume mix

Dune Analytics attributes most of the $389.5 million day to meme coins and stock pairs combined.

The dashboard does not break the $217.6 million into those two buckets.

The chain listed 202 tokenized assets — onchain wrappers of stocks or other instruments — in this record.

Fees, transactions, and TVL

DeFiLlama put chain fees — what users pay to process transactions — at $3.75 million on 1 September, a print already published.

The same dashboard counted just over 5.5 million transactions.

Total value locked (TVL), the assets deposited in onchain contracts, stood at $758 million.

Arkham's dashboard placed Robinhood Chain ahead of Ethereum, Solana, and Base on chain revenue for that session.

Ethereum recorded just over $347,000 in daily fees.

Solana recorded almost $900,000.

DEX volume versus Ethereum

Decentralized exchange (DEX) volume — trading that runs as software on the chain — reached $1.56 billion on DeFiLlama.

That was a record for Robinhood Chain and higher than Ethereum DEX volume on the same day.

The chain was about two months past launch in this record.

That timeline is not an official Robinhood statement.

What remains unknown

There is no official confirmation or category breakdown from Robinhood or Arbitrum.

Every named figure in this note comes from Dune Analytics, DeFiLlama, or Arkham.

The split of the $217.6 million between meme coins and stock pairs is unpublished.

Whether volume, fees, or TVL held after 1 September is not in this record.

Read on DefiEdge