Robinhood Chain DEX volume surges to $2B as trading climbs 61%

Robinhood Chain has gone from newcomer to one of the more talked-about DEX venues in DeFi, and the numbers are starting to back that up. Trading volume on the Ethereum layer 2 climbed 61% over a matter of days, with 24-hour DEX volume crossing $1.58 billion and weekly figures up nearly 90% according to DefiLlama data. For a chain that only launched its mainnet on July 1, 2026, that is a remarkably short runway to relevance. What is actually driving volume Tokenized equities have emerged as a genuine pull factor. Representations of stocks like Nvidia and Apple are being used as collateral in DeFi transactions. Over a 30-day window, tokenized stocks generated $4.3 billion in DEX volume on the chain, with daily real-world asset trading peaking at $85 million on August 25. The primary trading venue is Uniswap, which handles the bulk of swap activity on the chain. Morpho Blue leads on the lending side, holding roughly $481 million in total value locked, which represents the majority of the chain’s overall TVL figure of approximately $735 million. Stablecoin supply sits at around $797 million, with USDG accounting for a significant share of that figure and serving as the main fuel for Mo...