Robinhood Chain Records Daily DEX Volume High of $989 Million

Robinhood Chain reached a record daily DEX trading volume of $989 million on Friday. The chain's Total Value Locked (TVL) rose to $708 million, nearly doubling month-over-month, while stablecoin supply grew by 47% to approximately $770 million. Market activity shifted in August from memecoins to utility and infrastructure tokens. Key projects like PONS and LONG have seen significant growth, with the latter supporting memecoins paired with tokenized stocks—a core differentiator for the chain. The 'AI' (Artificial Inu) token, paired with tokenized NVDA, saw i