Robinhood Chain's total market value of stablecoins on the chain has exceeded 200 million US dollars
According to Entropy Advisors data, the total market value of stablecoins on Robinhood Chain has exceeded $200 million, with Ethena being the main driving factor. Ethena holds $50 million in USDG on Robinhood Chain and $50 million in USDG in Ethena's Steakhouse USDG vault, with a total management scale of nearly $100 million, accounting for approximately 50% of the total supply of USDG on Robinhood Chain.