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Crypto Trading Terminals Achieve First $1 Billion Volume Day Since January 2025
On September 2, crypto trading terminals recorded over $1 billion in trading volume for the first time since January 2025. This milestone was highlighted in a Dune chart by an analyst known as Adam, who noted that the total volume reached approximately $1.03 billion, with GMGN, a multi-chain terminal, contributing significantly with $490.9 million, marking its third-largest day on record.
GMGN's volume was largely driven by the Robinhood Chain, which accounted for $445.5 million, or 90.7% of its total volume on that day. This represents a substantial increase from just $18.2 million a month earlier. In contrast, GMGN's volume on the Binance Smart Chain decreased from $91.6 million to $29.6 million over the same period. Overall, GMGN's trading volume across all chains increased by 21.5% over the previous 30 days, totaling $3.02 billion.
The Robinhood Chain itself achieved a record decentralized exchange (DEX) volume of $1.67 billion on September 1, with a 34.9% increase in total volume over the past month. This surge positioned it as the second-largest network by DEX volume, surpassing Ethereum and BNB Chain. The overall volume across all decentralized exchanges reached $9.18 billion in 24 hours, reflecting a 26% increase compared to the previous month.
In conjunction with the trading volume surge, the cryptocurrency market experienced a price rally, with Bitcoin trading at $81,406, up 5.2% in 24 hours. Ether and Solana also saw significant gains, contributing to a total crypto market capitalization of $2.75 trillion.
Source: KLEA News