Robinwood Chain pushed the total locking value to over $540 million in August, an increase of over 45 per cent a month. In terms of structure, the real driving force for this round of expansion is not the monetized real-world assets that were played by the platform ' s early masters, but the stabilization of money flows.
In August, TVL continues to be updated.
According to the data quoted in The Block, the total lockout on 17 August by Robinwood Chain exceeded $540 million. On 11 August that figure was approximately $473 million, an increase of 32 per cent over the previous week. During the same period, the number of transactions on the chain rose to 11.6 million, about 30 per cent higher than the average for the previous week.
This indicates an increase in network activity and the downsizing of funds, but uneven growth across business lines. When Robinwood Chain went online, tokenized shares and so on, RWA was used as a core selling point, with the goal of moving traditional securities to the chain. Now, the financial expansion comes mainly from other directions.
The share of monetized assets decreased to 6 per cent
The article mentions that, since the chain went online, the overall TVL has been expanding about seven times as fast as the monetization of RWA. In other words, while still growing, RWA is clearly lagging behind the growth of the entire network.
More intuitive changes are on the scale. By 7 July, the monetization of RWA had accounted for almost one third of the total warehouse of Robinhood Chain; to date, that proportion had fallen to 6 per cent. This means that the dollar size of the monetized assets has not increased, but that other plates have grown more rapidly, leading to a continuous dilution of their weights across the network.
Stable coins are the main pushers.
Compared to RWA, the Stable Currency has become the main source of Robinwood Chain expansion. Reports indicate that in August the total market value of the chain was close to $640 million, with an increase of over 22 per cent over the month.
Among them, the most significant rate of increase was the United States dollar-stable dollar. Since the beginning of August, USDe ' s size has grown by nearly 50 per cent to $286 million, or 44 per cent of Robinwood Chain ' s stable currency. And in earlier data, USDe was only $17 million in size on the chain, and it was expanding fast.
By contrast, the performance of Robinwood's own stable currency, the USDG, has slowed considerably. This asset, which, for the first week of the chain, accounted for 92.7 per cent of the total stable currency supply, remained largely in the range of $330 million to $350 million after its entry into August, without a significant increase.
This also reflects the changing allocation of funds in the chain. More money goes to USDE, which has a pay-off attribute, rather than remaining in the platform's own brand-stabilized currency.
Relatively limited growth in new users
Stronger data on funds and transactions does not mean that the scale of users has expanded significantly simultaneously. In early August, Robinhod Chain was mentioned as having an increase of only 3.3 per cent in the living account ring and still 11 per cent below the 16 July mark.
Cashcat's meds went online in Robinhod App, and there was a brief increase in active accounts, but the average was limited for the whole week. Combined with the rapid growth of TVL and the volume of transactions, it is more like the same user is trading more frequently and is investing larger amounts of money, rather than a large-scale addition to the platform.
Overall, Robinhod Chain is still in the early stages of expansion, but the clearest signal at this stage is that it is a stable currency, especially USDe, that supports the lock-down, rather than a monetized securities business that was initially packaged.