$989 million. This is the highest single-day trading volume set by the decentralized exchange (DEX) on the Robinhood Chain chain in August. According to The Block, the total lock-up value (TVL) of this chain also rose at the same time.
The report pointed out that the composition that pushed up this wave of records is changing: the transaction proportion of utility tokens is catching up with memecoin, and meme assets no longer dominate the transaction volume.
The Block’s report did not provide specific figures for TVL, nor did it list the names of individual utility tokens driving transaction volume. Relevant details are yet to be added by official or subsequent reports.
