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Robinhood Chain hits $875M DEX volume
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Robinhood Chain hits $875M DEX volume

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  • Robinhood Chain recorded a daily DEX volume of $875 million on August 30.
  • The network processed 5.52 million transactions that day, while Robinhood Markets shares closed at $104.81.
  • Stock Tokens are adding trading activity to Robinhood Chain, alongside wider DeFi use.

Robinhood Chain recorded a record $875 million in DEX volume on August 30, according to Wu Blockchain Data Centre.

Uniswap v4 handled $432 million of the volume, while Uniswap v3 processed another $357 million.

The network also processed a record 5.52 million transactions, while Pons recorded 22,600 token creations that day.

Token Terminal data showed seven leading tokenised stocks generated $4.3 billion in DEX volume over 30 days, with three trading on Robinhood Chain.

Uniswap processed about $1.5 billion in Stock Token volume on Robinhood Chain over roughly six weeks, according to the report.

Applications on Robinhood Chain generated $2.66 million in revenue over 24 hours on August 31, according to the report.

Following the report, Robinhood Markets shares closed at US$104.81 on August 31, up 0.53%.

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