Robinhood Chain's TVL Increases by 84.3% in 30 Days
The total value locked (TVL) in Robinhood Chain has increased by 84.3% over the past 30 days, surpassing $100 million (approximately 138.3 billion KRW). This marks the highest growth rate among major public blockchains. During the same period, the OP mainnet grew by 38.3%, and Hyperliquid L1 saw a 28.1% increase. The primary reasons for this growth are the influx of funds from Morpho and stablecoins, with USDe identified as one of the main incoming assets. TVL represents the total value of assets deposited in a blockchain or decentralized finance (DeFi) protocol, serving as an indicator of the network's financial scale. In Robinhood's on-chain financial experiment, the increase in deposits has been more pronounced than trading activity. The average daily transaction count was recorded at 11.6 million, with TVL increasing by 32% compared to the previous week. However, the growth rate of daily active accounts was limited to 3.3%. This suggests that the increase in the metrics was driven more by the deposits of existing funds and the influx of specific assets rather than new user growth. Robinhood has announced that users can deposit USDG into Morpho's lending vault through their self-custody wallets within the Robinhood app. Robinhood does not operate or control Morpho's smart contracts, and users directly approve on-chain loans themselves.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Derivatives Begin to Drive Spot Markets: South Korea's Asset Pricing Power is Flowing Out

HYPE faces $36M team withdrawal on September 6

Crypto Projects Buy Back Nearly $640 Million in Tokens This Year, Hyperliquid and pump.fun Account for 90%

68 DeFi Protocols Activate Fee Redistribution Structure

The Battle of HIP-4 Begins: Who Will Become the New trade.xyz?

Observation of Six Positions Exceeding $100 Million in Hyperliquid

Crypto Market Makers Profit from Basis Trading Amid Bitcoin Rebound

realtrumpcoins Collaborates with Authorities for Investigation, Robinhood Chain DEX Trading Volume Reaches $945 Million

Ethena Perpetual Equity Contracts: Ethena Seeks New Yield for USDe in Perpetual Equity Contracts

Follow the Money: $2 Billion for Strategy, YZi Labs Incubator, and DeFi Dominance

Hyperliquid On-Chain Wallet Monitoring Page Released

Holder Revenue Reaches $12.938 Million, Emerging as a Benchmark in the DeFi Market

HyENA shuts down after processing $4B in trades

Hyperliquid Traders Exceed 400,000

Bitcoin ETF Net Assets Surpass $100.9 Billion

Spot Trading on Decentralized Exchanges Reaches 13.6%, Sparking Debate on DeFi Governance

Stock-based perpetual futures trading volume reaches $15.76 billion, down 32.1% in a day

Perp DEX Trading Volume Reaches $423 Billion in 30 Days, Hyperliquid Holds 58% Market Share

Beyond the rally: 4 Trends to watch this cycle

Hyperliquid HIP-3 Open Interest Decreases by $1 Billion

Ethena Announces Plans to Enter Stock Perpetual Futures Market

Ethena Expands Arbitrage Strategy to Stock Market

NVIDIA Reports $96.2 Billion in Revenue, Cryptocurrency Stocks Rise

Robinhood Chain Sees Over $100 Million Meme Coin, Crypto-Stock Pairing Boosts RWA

RWA Weekly: JPMorgan and Three Other Banks Advance Global Stablecoin Alliance; Coinbase Launches Tokenized Stocks on Base Network

Bitwise crypto ETFs attract $100M in one day, led by Solana

Scroll Transitions to AI Agent-Focused Privatized L2

Reduction in Institutional Fund Outflows in July, ETF Rebounds at Month-End

Hyperliquid's perpetual contracts cover over 80 traditional commodities and stock markets, with a notional trading volume exceeding $500 billion











