TVL grew by more than 45%, and Robinhood Chain's share of tokenized RWA fell to 6%

In comparison, Robinhood Chain's total hedging volume (TVL) increased by more than 45% in August, reaching more than US$540 million; the on-chain tokenized RWA was 32 million US dollars, up 120% month-on-month, but its share of TVL dropped from nearly one-third to 6% on July 7. The market value of on-chain stablecoins reached US$640 million, growing more than 22% during the month. Among them, USDe has grown by nearly 50% to US$286 million since the beginning of August, accounting for 44% of the total number of stablecoins on the chain; the native stablecoin USDG remained between US$330 million and US$350 million during the same period, accounting for 92.7% of total supply in the first week of launch.