Robinhood Chain's TVL spiked 45% in August hitting $540M, but here's the twist — tokenized RWAs (the chain's original thesis) dropped from 33% to just 6% of total value locked.
RWA value itself grew 120%, so it's not dying. Everything else just exploded harder. DeFi apps, yield plays, whatever else is on there — that's where the growth came from.
The chain is booming, but not for the reason it was built. Classic mid-cycle behavior: capital flows where momentum is, not where the narrative says it should. If you're positioning on Robinhood Chain, follow the actual money flow, not the pitch deck.
RWA value itself grew 120%, so it's not dying. Everything else just exploded harder. DeFi apps, yield plays, whatever else is on there — that's where the growth came from.
The chain is booming, but not for the reason it was built. Classic mid-cycle behavior: capital flows where momentum is, not where the narrative says it should. If you're positioning on Robinhood Chain, follow the actual money flow, not the pitch deck.
