Robinhood Chain, a new blockchain linked to Vlad Tenev, reached a record $989 million in daily decentralized-exchange volume during August, according to wire reports reviewed by FXMARE. The volume milestone came alongside growth in total value locked, a metric used to track assets deposited or committed to on-chain protocols. Coverage described the period as one of broad expansion, with tokens tied to utility described as advancing relative to meme-based assets.
The trading surge translated into fee performance that placed Robinhood Chain ahead of Ethereum and Base in the reported fee metrics. The sources said the network also beat Ethereum in daily revenue. On the day highlighted in the reports, the two-month-old network produced $2.66 million in revenue. Trading tools focused on meme-style tokens accounted for most of that amount, showing that token trading activity was a central driver of the fee flow.
Transaction activity provided another sign of the network's early adoption. On August 30, Robinhood Chain handled a record 5.52 million transactions, the highest single-day figure cited in the reports. Users also introduced a large number of new assets, with 22,600 tokens launched on the network. The reports described memes linked to tokenized stock products as one of the emerging areas gaining traction on the chain.
Taken together, the figures show that Robinhood Chain's recent activity has extended across several key measures at the same time: trading volume, transaction counts, token launches, fee generation and locked assets. The $989 million DEX volume indicates heavy swapping activity, while the transaction record points to broad network use beyond a single application. The fee and revenue figures show that this activity produced measurable payments to the network.
The sources also distinguish between different types of tokens in the activity. While trading tools focused on meme-style tokens drove most revenue, utility-oriented tokens were described as gaining ground relative to memecoins. That suggests the network's usage included both high-turnover token trading and assets tied to specific functions, although the reports do not break out the exact share of volume or revenue for each category.
The reported data leaves open questions about the durability of the network's growth and the composition of its users. However, the figures provide a snapshot of a young blockchain gaining visibility through fees, transaction processing and DEX activity at levels that compare with established networks in the same metrics.