▲ Bullish
Robinhood Chain's total value locked (TVL) surged 45% in August, reaching a record $542 million. This increase is primarily attributed to inflows from stablecoins, particularly Ethena's USDe, which saw a 50% rise this month.
In contrast, the share of tokenized stocks, which were once a significant use case for the chain, has decreased from one-third of its total value to just 6%.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.