[Robinhood Chain's Average Daily Transaction Volume Reaches Record 11.6 Million, TVL Up 32% Week-on-Week] According to The Block, Robinhood Chain's average daily transaction volume last week reached 11.6 million, setting a new historical high, up approximately 30% compared to the previous week. The chain's total value locked (TVL) reached $473 million, a 32% increase week-on-week. However, the average daily active accounts only grew by 3.3% week-on-week, still 11% lower than the peak on July 16. The divergence between transaction volume and TVL growth versus stagnant user base indicates that the same group of users is engaging in higher-frequency trading rather than attracting new users. The structure of stablecoins on-chain is also noteworthy—USDe's scale has reached $253 million, accounting for about 43% of the total stablecoins on-chain, whereas a month ago, USDe was only $17 million. Previously, Robinhood's native USDG dominated, but now USDe has rapidly caught up.