TVL Grows Over 45%, Robinhood Chain Tokenized RWA Share Drops to 6%

Odaily News: Robinhood Chain's total value locked (TVL) grew over 45% in August, reaching more than $540 million; the scale of on-chain tokenized RWAs stood at $32 million, up 120% month-over-month, but its share of TVL dropped from nearly one-third on July 7 to 6%. On-chain stablecoin market cap reached $640 million, growing over 22% within the month. Among them, USDe grew nearly 50% to $286 million since early August, accounting for 44% of total on-chain stablecoins; the native stablecoin USDG remained between $330 million and $350 million during the same period, and accounted for 92.7% of total supply in its first week of launch.