Robinhood Chain, an Ethereum Layer 2 (scaling network built atop Ethereum), recorded roughly $878 million in decentralized-exchange (peer-to-peer crypto marketplace) volume within 24 hours of its July 1, 2026, launch. Cumulative DEX volume reached $25 billion by late August, although most activity was concentrated immediately after launch rather than sustained across the two-month period. The chain runs on the Arbitrum Orbit stack and was promoted around tokenized real-world assets such as stocks and bonds, but early trading was dominated by memecoins, particularly speculation around CASHCAT. No confirmed outage on Robinhood Chain or its associated trading services had been substantiated by early September 2026. Instead, user complaints centered on scam tokens that disappeared after purchase, leaving buyers with empty wallets and no recourse while the affected wallets and network remained functional. Robinhood’s crypto trading revenue also fell 38% year over year in the first half of 2026, which the company attributed to broader market conditions rather than platform-specific problems.