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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/18/2026

Robinhood Chain TVL Jumps 45% in August as USDe Stablecoin Dominates

What happened: Robinhood Chain, an Ethereum Layer 2 built on Arbitrum technology, saw its total value locked (TVL) soar by approximately 45% in August, reaching over $540 million.

Robinhood Chain TVL Jumps 45% in August as USDe Stablecoin Dominates

What happened: Robinhood Chain, an Ethereum Layer 2 built on Arbitrum technology, saw its total value locked (TVL) soar by approximately 45% in August, reaching over $540 million. The stablecoin market cap on the chain hit $640 million, with Ethena’s USDe accounting for $286 million—up nearly 50% since the start of the month—while tokenized real-world assets (RWAs) lost share, now representing just 6% of TVL compared to 33% in July.

Why it matters: The surge in TVL is primarily driven by yield-seeking capital flowing into stablecoins, particularly USDe, rather than the originally anticipated growth in tokenized RWAs. This shift highlights a divergence from Robinhood’s RWA-focused narrative and underscores the dominant role of stablecoins in attracting liquidity to new chains. Standard Chartered has projected Robinhood Chain could approach $1 billion in TVL, especially as Uniswap activity increases.

Source: The Block