{"id":630696,"date":"2026-09-06T13:00:29","date_gmt":"2026-09-06T17:00:29","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=630696"},"modified":"2026-09-06T04:17:39","modified_gmt":"2026-09-06T08:17:39","slug":"robinhood-flips-solana-in-dex-volume-a-breakout-signal-for-eth-sol","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/robinhood-flips-solana-in-dex-volume-a-breakout-signal-for-eth-sol\/","title":{"rendered":"Robinhood flips Solana in DEX volume: A breakout signal for ETH\/SOL?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Solana has been dominating the 24-hour DEX volume to this point.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But now it is being challenged. According to DeFiLlama data, Solana remains number one in a 30-day DEX volume with a cumulative DEX volume of more than $65 billion, over 2x larger than the second-ranked BNB Chain, and nearly 3x the volume of the Robinhood Chain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But recently Robinhood has surpassed Solana in terms of daily DEX volume. As the chart below shows, Robinhood processed $1.45 billion in DEX volume on the 5th of September, compared with Solana\u2019s $1.25 billion. <\/span><span style=\"font-weight: 400;\">This marked the first-ever daily volume flip between the two. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">More importantly, Robinhood is maintaining this lead intraday with $1.36 billion in DEX volume so far versus Solana\u2019s $1.28 billion.<\/span><\/p>\n<figure id=\"attachment_630722\" aria-describedby=\"caption-attachment-630722\" style=\"width: 1635px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257.png\"><img decoding=\"async\" class=\"wp-image-630722 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257.png\" alt=\"Robinhood\" width=\"1635\" height=\"421\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257.png 1635w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257-300x77.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257-1024x264.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257-768x198.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257-1536x396.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-06-124257-1200x309.png 1200w\" sizes=\"(max-width: 1635px) 100vw, 1635px\" \/><\/a><figcaption id=\"caption-attachment-630722\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">If this trend continues, <a href=\"https:\/\/ambcrypto.com\/coins\/solana\/\" target=\"_blank\" rel=\"noopener\">Solana\u2019s [SOL]<\/a> dominance in DEX activity could face a serious challenge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to this, Robinhood Chain just crossed $3 billion in daily DEX volume for the first time. Nearly $880 million is now locked on the chain, up by about 30% in just one week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, deposits are now rapidly approaching the $1 billion mark, putting additional pressure on the dominance of DEX of Solana.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the activity isn\u2019t limited to on-chain. Robinhood\u2019s growth is also beginning to reflect in revenue, with the platform recently seeing $6.8 million in earnings, a record high revenue for any Ethereum L2 to date. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analysts are growing increasingly bullish on ETH as increased activity on Robinhood could see the value return to the Ethereum ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Against this backdrop, the bigger question is: Could Robinhood\u2019s rise be the catalyst that finally triggers an ETH\/SOL breakout?<\/span><\/p>\n<h2><b>Robinhood\u2019s DEX surge could reshape the SOL\/ETH battle<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The effect of Robinhood\u2019s <a href=\"https:\/\/ambcrypto.com\/robinhoods-862k-stock-token-holders-drive-3b-volume-uniswap-follows-with-1-4b\/\" target=\"_blank\" rel=\"noopener\">on-chain activity<\/a> is not limited to Solana\u2019s DEX volume.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pump.fun, one of the largest memecoin platforms on the Solana blockchain, saw its volume fall to $1.18 million from a $3.16 million peak only eight days ago, while 53% of its application\u2019s volume now comes from Robinhood Chain. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, the volume of transactions on the Solana blockchain dropped by 37% from its peak on the 28th of August. <\/span><span style=\"font-weight: 400;\">In short, the data points to a clear rotation in on-chain activity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the timing couldn\u2019t be better for <a href=\"https:\/\/ambcrypto.com\/coins\/ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a>. As can be seen in the chart below, the SOL\/ETH ratio has been oscillating around the 0.04 level for more than a year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For L1s, on-chain dynamics are one of the critical factors in technical performance, and Robinhood\u2019s impact on the Ethereum layer could improve the ETH technical standing versus Solana.<\/span><\/p>\n<figure id=\"attachment_630727\" aria-describedby=\"caption-attachment-630727\" style=\"width: 1824px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14.png\"><img decoding=\"async\" class=\"wp-image-630727 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14.png\" alt=\"SOL ETH\" width=\"1824\" height=\"885\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14.png 1824w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14-300x146.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14-1024x497.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14-768x373.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14-1536x745.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/09\/SOLETH_2026-09-06_13-12-14-1200x582.png 1200w\" sizes=\"(max-width: 1824px) 100vw, 1824px\" \/><\/a><figcaption id=\"caption-attachment-630727\" class=\"wp-caption-text\">Source: TradingView (SOL\/ETH)<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Thus, a breakdown of the SOL\/ETH ratio could benefit Ethereum as the market rolls into Q4.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto, this is where Solana\u2019s DEX volume begins to take on more importance. In this cycle, Solana\u2019s DEX dominance has been one of its strongest assets. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with Robinhood\u2019s rise in both DEX volume and liquidity, the dominance of Solana is beginning to see pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That puts Ethereum in a stronger relative position, with Robinhood\u2019s increasing <a href=\"https:\/\/x.com\/MelvinInvests\/status\/2096258058368483610\" target=\"_blank\" rel=\"noopener\">fee generation<\/a> on the network emerging as a key catalyst for a possible ETH\/SOL breakout.<\/span><\/p>\n<hr \/>\n<h2><strong>Final Summary<\/strong><\/h2>\n<ul>\n<li><em>Robinhood has flipped Solana in daily DEX volume, putting Solana\u2019s dominance under pressure.<\/em><\/li>\n<li><em>Robinhood\u2019s growing activity on Ethereum could strengthen ETH and support an ETH\/SOL breakout.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood Chain has overtaken Solana in 24-hour DEX volume for the first time.<\/p>\n","protected":false},"author":113,"featured_media":630721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,4,20],"tags":[6427],"class_list":["post-630696","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Robinhood flips Solana in DEX volume: A breakout signal for ETH\/SOL? 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