DEX volume
Every story this desk has filed under DEX volume, most recent first.

Robinhood Chain Memecoin Volume Peaked at $443m a Day, Then Fell 96 Percent
Crypto Briefing reports that daily memecoin trading on Robinhood Chain reached $443m before collapsing by 96 percent. The chain's overall figures tell a steadier story: total value locked set a record of $1.05bn today.

Tokenised Stocks Did $3.96bn of Weekend DEX Volume, 106 Times Last November
Decentralised exchange volume in tokenised equities reached $3.96bn over the weekend, according to a Crypto Briefing report, a 106-fold increase on November levels and a direct consequence of stock tokens trading when the exchanges are shut.

Robinhood Chain Tops Hyperliquid on Daily App Revenue as Locked Value Peaks at $931m
The chain's total value locked reached an all-time high of $931.2m on Tuesday, according to DefiLlama, on a day when it also out-earned Hyperliquid on 24-hour application revenue. Swap volume, meanwhile, fell.

Robinhood Chain Hits a Record $930m Locked as Daily Swaps Near $2bn
Total value locked on the Ethereum layer 2 set an all-time high on Monday, DefiLlama data show, while a day of DEX volume approaching $2bn came with a 30 percent jump in fees.
A chain can hold under a billion dollars of capital and route more than that in a single day. Understanding why the three headline numbers move independently is the difference between reading a chain and guessing at it.

Robinhood Chain's Daily Take Fell 83% From Its Peak While Volume Kept Climbing
The chain collected $943,728 on 10 September against $5.44m on 4 September, The Defiant reported, even as decentralised exchange volume rose. Gas per transaction has fallen from $0.43 to $0.077.

One Launchpad Doubled Robinhood Chain's Volume, and the Fee Line Went With It
Pons pushed Robinhood Chain to a record daily fee take and doubled DEX volume, according to The Block. DefiLlama shows the chain now holding $901.0m of total value locked, up 20.1 percent on the week.

Tokenized Stocks Reach $3bn Outstanding, With ETFs the Largest Single Slice
The sector's total market value crossed $3bn, led by tokenized exchange-traded funds at $644m, while decentralised exchanges turned over $16bn of tokenized equity in 90 days.

Terminals Turned Over $1bn in a Day, and 91% of the Leader's Trades Settled on One Chain
Trading terminal volume crossed a billion dollars on 2 September for the first time since January 2025, with GMGN taking almost half of it, The Defiant reported. Nearly all of GMGN's flow cleared on Robinhood Chain.

Robinhood Chain Ranks Second by DEX Volume, and a Launchpad Is Taking the Fees
The two-month-old Arbitrum network sat second among all chains by 24-hour decentralised exchange volume, ahead of Ethereum, BNB Chain and Base, with Pons collecting roughly two-thirds of launchpad fees.

Velocity, Not Depth: What DEX Volume to TVL Actually Tells You
A chain can print billions of daily swap volume against a few hundred million of locked value. The ratio is not a scandal or a badge of honour, it is a description of what kind of liquidity the chain has, and it can be gamed.
Robinhood Chain settled more DEX volume in a day than it holds in total value locked. That is not a contradiction, it is a statement about how often the same dollar gets reused, and it is one of the few ratios on a public chain that is hard to fake.

Coinbase's Four Stock Tokens Did $125m of DEX Volume in Four Days
Tokenized shares issued by Coinbase and traded on Base cleared roughly $125m of decentralised exchange volume within four days of launch, according to Crypto Briefing, while Uniswap's weekly tokenized-stock turnover rose by $325m.

Robinhood Chain Puts Up Its Busiest Day Since July, and TVL Sets a Record
The chain traded $443m across its decentralised exchanges and cleared more than 3 million transactions, according to Decrypt, on the same week total value locked reached an all-time high of $642.7m.