Most Robinhood Chain stock trading is outside NYSE hours

Stock tokens turned over $4.33 billion in the seven days to September 9th, and three quarters of it traded outside the NYSE session.

Stock tokens on Robinhood Chain turned over $4.33 billion of swap volume in the seven days to September 9th, 2026, 26 times the $167 million of tokens the week ended with. The NYSE session carries a quarter of that volume against 15% of the week's hours, and the weekend of September 5th and 6th carried $1.03 billion with no US venue quoting. How large the market looks depends on which pools count: any pool with a stock token on one side gives $7.42 billion over the 30 days to September 9th, against $3.83 billion counting only stock against a stablecoin or ETH. By Olivia Denk, Research @Allium Elton Shehdula, Head of Research @Allium

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Key takeaways

Onchain stock trading has concentrated onto Robinhood Chain in ten weeks. Swap volume in its stock tokens grew from $90,000 in the chain's first four days after the July 1st launch to $4.82 billion in the week of August 31st. Over September 3rd to 9th the chain carried 57% of onchain stock-token trading across the chains Allium indexes.
The NYSE session carries a quarter of this market's volume. Over those seven days 74% of the swap dollars traded outside it, against a session that is 15% of the week's hours. The weekend of September 5th and 6th carried $1.03 billion on its own, with no US venue quoting.
How large this market looks depends on which pools count. Any pool with a stock token on one side gives $7.42 billion over the 30 days to September 9th; counting only stock against a stablecoin or ETH gives $3.83 billion. Just under half of the trading since launch is against something other than a stablecoin or ETH.

Abstract

Robinhood Chain launched on July 1st, 2026 and its first stock token traded on July 2nd. Ten weeks later it carries more onchain stock-token trading than anywhere else Allium indexes. This brief reads the chain's own record at one cutoff, September 10th, 2026 at 00:00 UTC.

Volume counts one row per pool swap, on the stock leg. On that basis stock tokens turned over $4.33 billion in the seven days to the cutoff, 26 times the $167 million of tokens the week ended with. Robinhood has sponsored gas on qualifying swaps since launch, an offer it has said runs to September 29th. The three days to September 9th ran $1.21 billion, about 40% below the peak week's daily pace.

How large the market looks depends on which pools count as stock trading. Any pool with a stock token on one side gives $7.42 billion over the 30 days to September 9th; counting only stock against a stablecoin or ETH gives $3.83 billion. Just under half of all trading since launch is against something other than a stablecoin or ETH. The broad measure is used throughout.

74% of the swap dollars traded outside the NYSE regular session, which accounts for 26 of the week's 168 hours, and the weekend of September 5th and 6th carried $1.03 billion with no US venue quoting. Monday September 7th was Labor Day, so the window holds four sessions rather than five. Nothing can be issued against a weekend move until Monday.

Download the full report for the weekly series since launch, the hour-of-day profile and the methodology.

Informational only. Not investment advice.