Robinhood chain ecosystem token STANDARD market cap breaks $40 million

Odaily reports that according to GMGN data, the market cap of Robinhood chain ecosystem token STANDARD has risen above $40 million, currently at $43.11 million.

It is reported that The Standard Reserve bills itself as an "onchain 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 Uniswap v4's official trading pools, and adjusts reserve assets, protocol-owned liquidity, and token buyback-and-burn arrangements when there are net capital inflows or outflows, respectively.

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