Robinhood Chain has achieved a significant milestone, recording 11.6 million daily transactions from August 3 to 9, reflecting a robust 30% growth compared to the previous week. The total value locked (TVL) in the network also experienced a notable increase of 32%, reaching $473 million. Furthermore, the number of daily active addresses on the platform rose by 3.3% during this period.
The surge in activity is largely attributed to the stablecoin USDe, which saw its trading volume jump from $17 million to $253 million within a month. This increase allowed USDe to capture 43% of the total stablecoin supply on Robinhood Chain, effectively replacing the former leader, USDG.
