Foreign media: The popularity of on-chain transactions on Robinhood Chain continued to rise at the end of August. On August 29th, the daily DEX transaction volume on this network reached $989 million, setting a new high; TVL also increased to $708 million, nearly doubling from a month ago. The supply of on-chain stablecoins also increased accordingly, rising by 47% month-on-month to approximately $770 million.
Both trading volume and capital accumulation are rising simultaneously.
In the past month, the growth of Robinhood Chain is no longer driven solely by a single coin. As mentioned in the original text, in July, on-chain transactions were mainly centered around CASHCAT and other memecoin; by August, projects such as PONS and LONG began to attract more funds, which contributed to a continued increase in the trading volume of DEX.
- PONS The market value rose from 20 million US dollars to over 200 million US dollars within about a month.
- LONG mainly revolves around the trading of memecoin tokenized stock pairs.
- The supply of stablecoins on the blockchain has increased to approximately $770 million.
Stock pairing tokens bring new trading themes
It is also mentioned in the original text that AI ( Artificial Inu ) is one of the most closely watched stock pairing tokens at present, which is linked to the tokenization of NVDA. The market value of this token increased from $1.5 million on August 1st to $135 million on August 30th. The liquidity of the NVDA pool exceeded $3.3 million, which is also higher than that of its WETH pool.
More than just memecoin
The article argues that the growth of Robinhood Chain is shifting from a single memecoin craze to being driven by a combination of more launchpad projects and infrastructure developments. Projects such as Delta, UP, and NetNet also experienced tenfold increases this month, indicating that funds on the blockchain are beginning to distribute across more structured products.
