Robinhood Chain TVL Rises More Than 45% in August to Over $540 Million

Robinhood Chain’s total value locked rose more than 45% in August to above $540 million. According to Odaily, on-chain tokenized RWA reached $32 million, up 120% month over month, while its share of TVL fell from nearly one-third on July 7 to 6%.On-chain stablecoin market value reached $640 million in August, rising more than 22% during the month. USDe climbed nearly 50% from the start of August to $286 million, accounting for 44% of total on-chain stablecoins, while native stablecoin USDG stayed between $330 million and $350 million and accounted for 92.7% of supply in its first week after launch.