Solana Sees DEX Rival Robinhood Chain Surge to 29% of Its Volume
The post Solana Sees DEX Rival Robinhood Chain Surge to 29% of Its Volume appeared on BitcoinEthereumNews.com. Solana News Solana’s dominance in decentralized exchange activity faces a fresh challenger after Robinhood Chain, the brokerage’s new layer-2 network, rapidly scaled its trading volume within a single day. On-chain data shows Robinhood Chain recorded roughly $563.9 million in spot DEX volume on July 8, climbing to about 29.1% of Solana’s tally. Solana itself processed close to $1.94 billion over the same window, keeping a commanding lead of roughly 3.4 times its emerging rival. The comparison draws on aggregated on-chain trade data, offering a direct read of settlement activity as capital rotates toward newly launched venues in the DeFi landscape. The pace of Robinhood Chain’s ascent underscores how quickly liquidity can migrate between networks. Just one day earlier, on July 7, the chain had logged only $58.9 million in spot volume — equal to about 2.6% of Solana’s $2.25 bill