Every DEX on Robinhood Chain, Compared
More than thirty DEXes are deployed on Robinhood Chain. Here is what each is actually for, and which one pays you for supplying the liquidity.
Robinhood Chain is not short of decentralised exchanges — more than thirty are indexed on the chain. Almost all of them are general-purpose venues that happen to list Stock Tokens.
What follows is what each is actually for, and why the distinction matters if you are supplying liquidity rather than just taking a quote.
What is each venue for?
| Venue | Built for |
|---|---|
| Alandale | Earning on liquidity — ve(3,3), gauges, 100% of fees to lockers |
| Uniswap v3/v4 | General-purpose swaps across every asset class |
| PancakeSwap, Curve | Their own niches; thin on Stock Tokens |
| Aggregators | Routing a single swap across the venues above |
| Chain-native long tail | Mostly memecoins |
The list is long, but the overlap with tokenized equities is short. Most of these venues treat Stock Tokens as one more ERC-20 to list. One is built around them.
What actually separates them?
Not the swap. On any AMM a trade is a trade — you pay a fee and get an execution.
The difference is what happens next. On a general-purpose AMM the fee goes to whoever supplied that pool, and that is the end of it. There is no locking, no mechanism for token holders to direct where liquidity should go, and no share of protocol income for anyone holding the governance token.
| Generic AMM | Alandale | |
|---|---|---|
| LP earns | Fee tier | Fees and voted emissions |
| Token holder earns | Nothing | 100% of trading fees |
| Who directs liquidity | Nobody | veLUTE voters, weekly |
| Fee rate | Fixed tier | Dynamic, rises with volatility |
That last row matters more on tokenized equities than on crypto pairs, because the risk an LP takes is concentrated into market opens and weekend gaps rather than spread evenly.
Where Alandale fits
Alandale is the only ve(3,3) venue on Robinhood Chain, and the only one built specifically around the chain's tokenized equities rather than listing them alongside everything else.
100% of trading fees go to LUTE lockers, who also vote weekly on which pools receive emissions. That is the reason to supply liquidity here rather than simply route a swap through somewhere.
At the time of writing: 12 pools, $173,552 TVL, $129,632 of 24-hour volume, covering NVDA, GME, SNDK and SPCX against USDG and WETH.
Why that distribution matters is set out in Why 100% of Fees to Lockers Matters, and the per-asset picture in NVDA, GME and SPCX Liquidity Compared.