Data: The average daily trading volume of Robinhood Chain has risen to 11.6 million transactions, with USDe driving a 32% weekly increase in TVL

According to The Block, the average daily trading volume on Robinhood Chain rose to 11.6 million last Sunday, setting a new historical high, an increase of about 30% compared to the previous week; the total value locked (TVL) on the chain increased to $473 million, a weekly increase of 32%.

However, the number of daily active accounts grew only 3.3% week-on-week and is still 11% lower than the peak on July 16, indicating that the growth in trading and funds mainly comes from existing users rather than new users.