Robinhood announced it itself: cumulative DEX trading volume on Chain has topped $100 billion.

This isn’t the “stock token” story from last time—the 100-day milestone cited about $15 billion in Stock Token volume. This time, it’s the combined volume of all DEXs across the entire chain, according to DefiLlama. Robinhood’s official account, @RobinhoodCrypto, posted the milestone on October 13.

The cross-chain comparison is even more striking: about $38.6 billion over the past 30 days, topping Base at roughly $30.5 billion and coming close to 7x Arbitrum One’s roughly $5.7 billion. $SOL is still far ahead at about $71.5 billion, but it’s rare for an $ETH L2 on Arbitrum Orbit that only launched its mainnet on July 1 to reach this level in just three and a half months.

Structurally, Uniswap takes the lion’s share (about $30.3 billion over 30 days). Early analysis said that over 80% of activity at launch was in meme coins, not the tokenized US stocks they were promoting—the name sounds very Robinhood, but the volume looks like an “onchain casino.” After wallet gas subsidies ended in late September, average daily volume also fell from about $1.87 billion in September to around $1.1 billion. The milestone is real; the trajectory is another question.

For context: TVL is around $1 billion; under Arbitrum Expansion, about 10% of protocol net revenue flows back to the ecosystem. Tokenized US stocks are available in 120+ jurisdictions, with the US, UK, Canada, and others still excluded.

Just filtering, not educating. Not investment advice.

#RobinhoodChain #DEX #代币化股票 #ETH #DefiLlama