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Robinhood Chain Daily DEX Volume Hits Record $989 Million, TVL Reaches $708 Million
Robinhood Chain recorded a record $989 million in single-day DEX trading volume on Friday. Its total value locked (TVL) increased by nearly 100% month-over-month in August, reaching a record $708 million. Stablecoin supply on the chain also rose by 47% month-over-month to approximately $770 million. This growth was notably driven by utility and infrastructure tokens gaining ground on memecoins, with projects like PONS and Delta seeing significant valuation increases.
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