Robinhood Chain: $1.5 Billion DEX Volume and $6.6 Million Gas Revenue in August

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Robinhood Chain, whose mainnet launched on July 1, 2026, experienced significant growth in August 2026. A report from Spartan Capital indicates that on-chain DEX trading volume rose to $1.5 billion, and Total Value Locked (TVL) increased to $711 million. On-chain gas revenue hit $6.6 million in August. Most of Robinhood Chain’s August trading volume came from Uniswap, with on-chain fees peaking at $2.1 million on August 31. Robinhood operates the sequencer and collects approximately 90% of on-chain fees. After deducting Ethereum settlement costs and a 10% licensing fee paid to Arbitrum DAO, net revenue in August was around $6 million. For Robinhood Earn, the deposit size grew from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of Robinhood Chain’s TVL. Users earn an estimated annual percentage yield (APY) of around 7%. The report notes that current trading activity on Robinhood Chain is still mainly driven by crypto-native users, and Robinhood’s 27 million funded accounts have not yet migrated to the chain on a large scale. Gas subsidies for Robinhood Wallet will remain in effect until September 29, and Robinhood Earn’s APY is also scheduled to be gradually reduced.