Robinhood Chain's DEX transaction volume reached $1.5 billion in August, with Gas revenue of $6.6 million

According to a Spartan Capital report, after the launch of Robinhood Chain, DEX trading volume rose to $1.5 billion by the end of August, TVL increased to $711 million, and Gas revenue reached $6.6 million in August. On August 31st, the daily on chain expenses reached $2.1 million, and Robinhood's net income for August after deducting costs was approximately $6 million. Robinhood Earn's deposit size increased to $456 million, accounting for 68% of TVL. More than 340000 tokens have been issued on the chain, with application layer fees reaching $114 million in August. The trading volume of Meme tokens, including Robinhood Stock Tokens, reached $518 million. At present, trading activities are mainly driven by native encrypted users, and Robinhood's 27 million deposit accounts have not yet been migrated on a large scale.