Robinhood Chain Average Daily Trading Volume Rises to 11.6 Million Transactions, USDe Drives 32% Weekly TVL Growth

TechFlow news, August 12, according to The Block, Robinhood Chain's average daily transaction volume rose to 11.6 million transactions last week, setting a new all-time high, up approximately 30% from the previous week; on-chain Total Value Locked (TVL) rose to $473 million, a weekly increase of 32%. However, daily active accounts increased only 3.3% week-over-week, and remain 11% lower than the high on July 16, indicating that transaction and capital growth mainly comes from existing users rather than new users.

Additionally, the size of USDe on Robinhood Chain increased from $17 million to $253 million within one month, currently accounting for approximately 43% of the total on-chain stablecoins. The article suggests that this indicates on-chain funds prefer to stay in yield-bearing synthetic dollar assets, consistent with the trend of rising TVL but limited active user growth.