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      Robinhood Chain DEX single-day trading volume hits record high of $989 million, TVL surpasses $700 million

      PANews, September 1 - According to The Block, Robinhood Chain set a single-day DEX trading volume record of $989 million last Friday, with total value locked (TVL) reaching $708 million, a month-over-month increase of nearly 100%; on-chain stablecoin supply was approximately $770 million, up 47% month-over-month.

      Over the past month, there has been a clear shift in the types of popular projects on the chain. In July, Robinhood Chain was dominated by meme coins, while in August the heat shifted toward utility and infrastructure tokens. Among them, the Launchpad platform PONS saw its market cap surge from $20 million to over $200 million. Another launch platform, LONG, focuses on meme coins paired with tokenized stocks, among which the AI token Artificial Inu, paired with tokenized NVDA, saw its market cap soar from $1.5 million on August 1 to a peak of $135 million on August 30.


      Source: PANews
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