Robinhood Chain posts record $989 million day of DEX volume and $708 million TVL

The Block reported on August 31 that Robinhood Chain recorded a single-day decentralized exchange volume of $989 million on Friday, August 28, a record. Total value locked reached a record $708 million, nearly doubling month over month, and stablecoin supply rose 47% to about $770 million. Memecoins paired against tokenized stocks made up roughly a quarter of stock-linked trading volume on the chain.

• Record single-day DEX volume of $989 million (Friday, August 28)
• Total value locked $708 million, near 100% increase month over month
• Stablecoin supply about $770 million, up 47% month over month
• Memecoins paired against tokenized stocks: roughly a quarter of stock-linked volume