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Crypto DeFi

Trading terminals post first $1B day since Jan 2025

Trading terminal volume crossed $1 billion on Sept. 2, the first time since January 2025, with GMGN accounting for nearly half. Of GMGN’s trades, 91% settled on Robinhood Chain. DEX volume across all networks rose 26% over 30 days, while GMGN’s Solana volume stayed flat.

Original source

AI take

The $1B day marks a notable inflection point for trading terminals, but the composition of volume is the real signal: GMGN's dominance, with 91% settling on Robinhood Chain, suggests activity is concentrating on a specific, possibly meme-driven or retail-heavy segment rather than broad market participation. The contrast between a 26% rise in overall DEX volume and flat Solana volume for GMGN points to a rotation away from that chain's typical activity. The key question is whether this spike is a one-off surge or the start of sustained terminal usage, especially if Robinhood Chain's share remains this concentrated.

Generated by AI for reference only.

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