Robinhood Chain generated $1.595 billion in 24-hour decentralized exchange volume, while its DeFi total value locked (TVL) reached $738.11 million and stablecoin market capitalization rose to $796.74 million.

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 of these figures covers a distinct category. DEX volume measures spot trades executed through blockchain applications rather than centralized exchanges. Total value locked, or TVL, tracks assets deposited in DeFi protocols. Bridged value includes assets moved onto Robinhood Chain regardless of whether 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 activity accelerated 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.

The growth trajectory matters beyond Robinhood itself. The brokerage is one of several mainstream finance firms betting that consumer trading apps can drive on-chain adoption, a path previously taken by Coinbase with Base, the Ethereum Layer 2 it launched in 2023 that grew into one of the largest app-chains by transaction and DEX activity. Robinhood Chain's rapid TVL climb in roughly two months of mainnet operation offers an early data point on whether a stock-trading app's user base can be converted into DeFi participants at similar scale.

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 on the network, eclipsing the tokenized stocks that were at the center of Robinhood's initial pitch. How that mix evolves — whether tokenized equities and lending use catch up to speculative trading — will shape both the chain's utility and the regulatory conversation around app-operated trading networks, since tokenized stock offerings remain limited to eligible users and depend on evolving rules in each jurisdiction.