Robinhood Chain Hits Record $989 Million in Daily DEX Volume as TVL Surges

Robinhood Chain posted a record $989 million in single day decentralized exchange trading volume on Friday, marking its strongest trading session yet. Total value locked on the chain also hit a new high of $708 million, nearly doubling in the past month. Stablecoin supply on the network climbed to around $770 million, up 47% from the previous month, signaling growing liquidity and user activity across the ecosystem.

Utility Tokens Overtake Memecoins in August

The chain’s token landscape has shifted noticeably since July, when memecoin activity dominated following the rise and eventual Robinhood listing of CASHCAT. In August, attention and trading volume moved toward utility and infrastructure-focused projects. PONS, one of the chain’s leading token launchpads, saw its market capitalization surge from $20 million to more than $200 million within the month.

Stock-Paired Memecoins Remain a Key Differentiator

LONG, another major launchpad on Robinhood Chain, continues to power tokens paired against tokenized stocks, a feature that sets the chain apart from competitors. Its biggest success story is a memecoin called “AI,” short for Artificial Inu, which is paired against tokenized NVDA shares. The token’s market cap grew from $1.5 million on August 1 to a peak of $135 million by August 30. It now holds about $3.3 million in liquidity within its NVDA pool, more than three times the depth of its WETH pool. Stock-linked memecoins now make up roughly a quarter of all stock-paired trading volume on the network.

Other Projects Posting Major Gains

Several other utility-driven projects have also seen sharp valuation increases in August. Delta, a liquidity-layer protocol, UP, an emissions project modeled after Aerodrome on Base, and NetNet, a bonding protocol inspired by OHM, have each grown roughly tenfold in value this month.