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.

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