Daily trading volume across crypto trading terminals surpassed $1 billion on Wednesday for the first time since the Official Trump token launch in January 2025, a milestone driven almost entirely by a new crop of platforms routing orders to Robinhood Chain rather than the front-ends that dominated the previous memecoin cycle.

Onchain analyst adam_tehc, citing Dune data, reported that terminal volume reached $1.03 billion on September 2, up sharply from roughly $338 million just two weeks earlier. The surge marks a dramatic reshuffling of the retail trading landscape, with platforms that barely registered a year ago now commanding the bulk of order flow.

Gmgn and fomo, two relatively new entrants, together processed $747.94 million on…