[Robinhood Chain's On-Chain Transaction Volume and User Numbers Decline After Initial Meme Coin-Driven Surge] According to The Block, Robinhood Chain's mainnet reached a TVL of approximately $325 million within less than a month of its launch, without experiencing any downtime during this period. Although TVL has continued to grow over the past month, all throughput metrics peaked in the second week after launch and have since started to decline. Last week, the chain's DEX had an average daily trading volume of approximately $553 million, a 27% week-over-week decrease; the average daily active accounts were around 275,000, a 7% week-over-week decline. The on-chain capital turnover rate plummeted from 9.25x in the second week of July to 1.68x last Friday, indicating that the inflow of funds has far outpaced trading activity. Recent deposits are more likely driven by yield incentives rather than trading activity, likely due to the approximately 7% annualized yield offered by Robinhood Earn on USDG.