Robinhood Chain ecosystem token STANDARD market cap briefly surpassed $45 million within 2 hours of launch

Odaily reports: The market cap of Robinhood Chain ecosystem token STANDARD briefly surpassed $44.2 million and has now fallen back to around $35 million.

The Standard Reserve describes itself as an "on-chain sovereign central bank," aiming to replace traditional central banks or DAO governance with approximately 4,000 lines of immutable smart contract code to achieve automated monetary policy. The protocol adjusts STANDARD issuance based on the net flow of ETH in the official Uniswap v4 trading pool, and adjusts reserve assets, protocol-owned liquidity, and token buyback-and-burn arrangements accordingly when there is net capital inflow or outflow.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.