Robinhood Chain hits record 11.6 million daily transactions, TVL jumps 32%

Robinhood Chain recorded an average of 11.6 million transactions a day last week, a record high and about 30% above the previous week. Total value locked (assets deposited in protocols) climbed 32% week on week to $473 million. Average daily active accounts increased 3.3% from the prior week, though they remained 11% below the July 16 peak. In on-chain stablecoins (tokens pegged to other assets), USDe reached $253 million, accounting for about 43% of the chain's total stablecoin supply, up from $17 million a month earlier. USDG had previously been the dominant native stablecoin on Robinhood Chain.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.