Robinhood Chain Ecosystem Token STANDARD Hits $40 Million Market Cap

The token STANDARD (The Standard Reserve) reached a market cap of $40 million within two hours of its launch on the Robinhood chain, before settling at $28.91 million with a trading volume exceeding $40 million. The project aims to function as an on-chain sovereign central bank, using immutable smart contracts to automate monetary policy based on ETH net flows in its Uniswap v4 pool. The total supply is capped at 1 billion tokens, with 100 million minted at genesis for liquidity and the remaining 900 million allocated for issuance. Transaction fees are distributed to reserves, liquidity, and the team.