Transaction count, TVL, and stablecoin supply hit all-time highs, while Robinhood Chain DEX trading volume fell 72.5% from its peak

Odaily reported that since the launch of Robinhood Chain, DEX trading volume has dropped from a peak of approximately $878 million on July 11 to $241 million on August 1, a decline of 72.5%.

During the same period, other core on-chain metrics rose, with daily transaction count hitting an all-time high of 13.3 million on August 5, TVL reaching a record $433 million on August 6, and stablecoin supply peaking at $597 million. Meanwhile, total global DEX trading volume increased from $5.27 billion to $7.33 billion, while Robinhood Chain's share of global DEX trading volume fell from a peak of 16.65% to 4.32%. DEX trading volume per transaction dropped 74% from $105.56 on July 13 to $27.82 on August 4, before recovering to $39.07.