According to CoinMeta, the total locked-up value of Robinhood Chain ( TVL ) currently exceeds $540 million, representing a growth of over 45% since August. The scale of on-chain tokenization of RWA is approximately $32 million, with a month-on-month increase of 120%, but its proportion of TVL has decreased from nearly one-third on July 7th to about 6%. During the same period, the market value of on-chain stablecoins has risen to about $640 million, with a growth of over 22% since August. Among them, the scale of USDE is about $286 million, an increase of nearly 50% from the beginning of the month, accounting for 44% of the stablecoin supply. USDG remains at around $330 million to $350 million.