Arcus, a decentralized exchange that launched in July alongside Robinhood Chain, is approaching $60M in total value locked (TVL), according to DeFiLlama data. The platform has reported a 146%
Arcus, a decentralized exchange that launched in July alongside Robinhood Chain, is approaching $60M in total value locked (TVL), according to DeFiLlama data. The platform has reported a 146% rise in TVL over the past month, and has now added @Starknet's $STRK to its perpetual futures markets with up to 5x leverage.
DeFiLlama's protocol page lists Arcus TVL at $58.91M, with all of it deployed on Robinhood Chain. A separate chain-level view shows the protocol's TVL at about $61.77M, making it the top-ranked protocol on the network.
That is a sharp climb from earlier in the platform's life. In July, The Defiant reported that Arcus held $17.1M in TVL while the chain as a whole stood at $588.9M by Artemis' measure. DeFiLlama now puts Robinhood Chain's DeFi TVL at about $1.05B.
Arcus was built by the team behind dYdX in partnership with Robinhood Crypto. Crypto Briefing reported that the exchange went live on July 1 with 95 tokenized stocks and 35 perpetual futures contracts, with leverage of up to 50x on real-world asset perps. It runs separately from the dYdX v4 Chain.
Activity on the platform is dominated by derivatives. DeFiLlama data shows Arcus has recorded about $12.4B in cumulative perps volume, against $385.5M in cumulative spot DEX volume. Open interest stands near $99M.
Arcus offers spot and perps trading natively on Robinhood Chain. The addition of $STRK perps, with leverage of up to 5x, widens the set of crypto assets available alongside its tokenized equity and commodity products.
Robinhood Chain is an Ethereum Layer 2 network built on the Arbitrum technology stack. Robinhood's own announcement said the public mainnet launched as a turnkey environment for builders, natively connected to its onchain users.
Leveraged trading carries high risk, and TVL figures can vary by data provider and methodology. DeFiLlama, for example, uses a narrower definition than Artemis, as The Defiant noted in its July report.
Sources:
DeFiLlama: Arcus TVL, fees, revenue and volumeThe Defiant: Robinhood Chain overtakes Base on daily active usersCrypto Briefing: Arcus launches on Robinhood Chain
