Robinhood Chain, an Arbitrum-based L2, posted a record $989M in single-day DEX trading volume, with TVL reaching $708M and stablecoin supply up 47% month over month. The activity was driven by a shift from memecoins toward utility and infrastructure tokens, plus tokenized-stock-paired trading pairs.
Matters because: Rapid growth in TVL and volume points to rising on-chain activity on Robinhood's L2, though a meaningful share of trading still comes from volatile thinly traded pools.