Robinhood Chain tops Base with $38.62B in 30-day DEX volume
- —Cumulative DEX volume reached $111.97 billion, with $55.99 billion in September alone
- —30-day volume: $38.62 billion vs Base's $30.46 billion and Arbitrum One's $5.65 billion
- —Average daily October volume dropped to about $1.1 billion after the gas promotion ended
- —Network TVL is around $1.06 billion, with stablecoin market cap above $1 billion
Why it matters: Much of the volume was driven by promotional incentives and memecoin speculation, so the key question is how much activity converts into Robinhood's revenue.
Source: DiarioBitcoin