Data: The total market capitalization of stablecoins on Robinhood Chain has exceeded 200 million US dollars.
According to ChainCatcher, Tom Wan, Head of Data at Entropy Advisors and former 21.co analyst, posted on platform X that the total market capitalization of stablecoins on Robinhood Chain has surpassed 200 million US dollars.
He stated that the key factor driving this growth is Ethena. Data shows that Ethena currently holds 50 million US dollars worth of USDG on Robinhood Chain, as well as 50 million US dollars of USDG in the Ethena × Steakhouse USDG vault, with a total managed amount close to 100 million US dollars. This accounts for approximately 50% of the total USDG supply on Robinhood Chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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