Robinhood Chain TVL Hits $540 Million as Stablecoins Drive August Growth

TLDR

• Robinhood Chain TVL rose over 45% in August to more than $540 million
• Tokenized RWAs grew 120% month-over-month to $32 million but now make up just 6% of TVL
• RWAs accounted for nearly a third of TVL on July 7, showing TVL grew far faster than RWAs
• Stablecoin market cap on the chain reached $640 million, up 22% in August
• USDe climbed nearly 50% to $286 million, now making up 44% of total stablecoins on the chain

Robinhood Chain has seen strong growth in August, with total value locked crossing $540 million. That marks a rise of more than 45% for the month.

📊DATA: Robinhood Chain's TVL surges 45% in August to a record $542 MILLION.

The surge comes from stablecoin inflows, led by Ethena's USDe jumping 50% this month.

Meanwhile tokenized stocks, pitched as the chain's marquee use case, have shrunk from a THIRD of its total value to… pic.twitter.com/iKmUji0wvL

- Coin Bureau (@coinbureau) August 18, 2026

The chain launched with tokenized real-world assets as its headline feature. Robinhood positioned tokenized equities as the main use case for the network.

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