Cryptocurrency Trading Terminals Record Daily Trading Volume of $1 Billion for the First Time Since the Launch of the Trump Token
Cryptocurrency trading terminals have seen a significant resurgence in activity since early August. On Wednesday, September 2, on-chain data revealed the sector's daily trading volume surpassed $1 billion for the first time since the launch of the official Trump token in January 2025, reaching $1.03 billion. This marks a sharp increase from around $338 million just two weeks prior. Notably, nearly the entire volume did not go to the frontends that dominated the previous retail cycle.
On that day, terminals GMGN and FOMO processed $479.74 million and $268.20 million respectively, accounting for roughly 73% of the total terminal volume. Other major terminals like Axiom, basedbot, and pumpapp handled significantly smaller amounts, while previously dominant terminals from the 2024-early 2025 memecoin cycle, such as Trojan and BonkBot, contributed less than $5 million combined.
The surge was heavily driven by the Robinhood Chain, which accounted for $834.7 million (81.2%) of the day's terminal volume. Solana followed with $149.4 million (14.5%), and BNB Chain with $33.8 million (3.3%). The success of GMGN and FOMO is largely attributed to their presence on the Robinhood Chain, where current user traffic is concentrated.
While Solana's market share appears to have dropped dramatically from over 80% earlier in the year to 14.5%, its absolute dollar volume of ~$149 million remains consistent with its performance from February to June. The decline in percentage share is due to the massive new volume added by Robinhood Chain, not a decrease in Solana's activity.
This terminal volume metric tracks where retail users send their DEX orders via frontends, indicating a shift in distribution channels rather than a change in underlying trading demand. The data highlights that retail trading continues but is now flowing primarily through terminals connected to the Robinhood Chain network.
cryptonews.ru09/04 08:18