Robinhood Chain posted +84% TVL growth over 30 days, taking its total above $540 million. Morpho, its largest protocol, powered most of the increase, with stablecoin inflows led by Ethena's USDe.
Why it matters
The composition points to a concentrated DeFi engine behind the increase. Morpho puts lending at the center of the expansion, while USDe-led inflows make stablecoin liquidity a key part of the activity.
Market impact
The next test is whether Robinhood Chain can broaden TVL beyond Morpho and sustain the USDe-led inflows. If those flows continue, the 30-day jump has a stronger foundation; if they reverse, the $540 million total remains more exposed to concentration in its largest protocol.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJLDGqNt_hFScZQfHm_MYYDgNRk7VHfAAJhI2sbIQNwSPaF1Y6Jxp_-AQADAgADeQADPQQ)
Frequently asked questions
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What was Robinhood Chain's TVL after the 30-day increase?
Its TVL topped $540 million after growing 84% over 30 days.
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Which protocol powered most of Robinhood Chain's TVL growth?
Morpho, identified as the chain's largest protocol, powered most of the increase.
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Which stablecoin led the inflows behind the expansion?
Ethena's USDe led the stablecoin inflows that fueled Robinhood Chain's growth.
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Why does Morpho's role matter for Robinhood Chain?
Morpho's role puts lending activity at the center of the expansion and shows that growth is concentrated in the chain's largest protocol.
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What is the next test for Robinhood Chain's TVL growth?
The next test is whether TVL broadens beyond Morpho and whether USDe-led stablecoin inflows continue.