Decrypt · 9/1/2026

Base trading volume hits $1.6 billion as Robinhood users flood DeFi

Base trading volume hits $1.6 billion as Robinhood users flood DeFi

Robinhood’s push into decentralized finance just sent Base into overdrive. Trading volume on the Ethereum Layer 2 skyrocketed 61% in less than a week, hitting a massive $1.6 billion. Retail traders aren't just dipping their toes in anymore; they're parking serious capital. Total value locked across the network is now knocking on the door of $800 million as stablecoin deposits surge. This isn't a slow burn. The sudden influx of liquidity suggests Robinhood’s user base is finally getting comfortable with on-chain swaps and self-custody. While other networks fight for scraps, Coinbase’s scaling solution is busy absorbing the fallout of this massive migration. We’re watching to see if this momentum holds once the initial hype settles. Will $1 billion in total deposits be the next milestone to fall by Friday?

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