Robinhood Chain Records $989 Million in Trading Volume on August 29

On August 29, the decentralized exchange trading volume of Robinhood Chain was recorded at $989 million. The increase in trading volume was attributed to the addition of tokenized stock-linked tokens and infrastructure projects to the initial meme coin trading. On the same day, the total value locked (TVL) reached $708 million, nearly doubling from a month ago, while the supply of stablecoins within the chain increased by 47% to approximately $770 million compared to the previous month. Robinhood Chain is a blockchain provided by Robinhood, enabling various projects to generate trades simultaneously. In August, launchpad and liquidity-related projects stood out, with the market capitalization of Pons rising from $20 million to over $200 million. Artificial Inu, a token linked to tokenized NVIDIA, grew from a market cap of $1.5 million to $13.5 million. Currently, tokenized stock-linked meme coins account for about a quarter of the stock-linked trading volume on Robinhood Chain. The simultaneous increase in trading volume, TVL, and stablecoin supply indicates a rise in liquidity within Robinhood Chain.

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