Flash News

TREE NEWS reports: Robinhood Chain’s total value locked surged about 90% in 30 days to $757 million, ranking 12th network-wide, but Robinhood’s own users contribute only 1-2% of transaction volume. The chain’s daily DEX volume exceeded $1 billion, latest at $1.69 billion, about 17% of global DEX volume. Weekly volume reached $8.2 billion, trailing only Solana and Ethereum. Uniswap intermediates 77% of the chain’s volume, accounting for over 50% of Uniswap’s total volume.

TREE NEWS reports: LIT rose 13% to $4.21 and has doubled in 30 days as traders speculate on a U.S. perpetuals launch that Lighter has not applied for. Robinhood order flow now supplies 17% of the exchange’s daily volume, up from 12% on a 30-day basis, even as sector-wide perp DEX volume fell 30% in seven days.

TREE NEWS reports: Trading terminal volume crossed $1 billion on Sept. 2, the first time since January 2025, with GMGN accounting for nearly half. Of GMGN’s trades, 91% settled on Robinhood Chain. DEX volume across all networks rose 26% over 30 days, while GMGN’s Solana volume stayed flat.

TREE NEWS update: Prediction market Polymarket has listed 67 perpetual futures contracts on stocks, crypto, indices, and commodities, offering up to 20x leverage. The platform blocks order placement from the United States, limiting access to non-U.S. users.

TREE NEWS update: Mantle has added Paxos-issued USDG as a natively minted stablecoin, integrating it into its ecosystem. The move also sees Mantle join the Global Dollar Network, a network that shares rewards from USDG’s reserves with participating platforms. This integration aims to expand stablecoin utility within Mantle’s DeFi applications.

TREE NEWS update: Curve DAO approved yRisk, backed by two Resupply developers, to manage protocol risk with 536.9 million veCRV votes and no opposition. The mandate, funded Sept. 2 with 125,000 frxUSD and 568,181 CRV, went ahead despite Resupply’s $9.6 million exploit in June 2025, which was not disclosed in the proposal.

TREE NEWS update: Diameter Pay, a stablecoin payment infrastructure startup, has raised $10 million in a Series A funding round co-led by CMT Digital and Lightspeed Faction, with participation from SixThirty Ventures, Stellar Development Foundation, Tech Council Ventures, Onigiri Capital, and BitRock Capital. This marks the company’s first funding round since its inception.

TREE NEWS update: Payward, parent of crypto exchange Kraken, has partnered with financial services firm SoFi to list SoFiUSD on Kraken and connect Payward to SoFi’s 24/7 dollar settlement network. The deal also gives SoFi access to digital asset liquidity via Kraken Prime.

TREE NEWS reports: Robinhood Chain token launchpad Pons generated $6.33 million in protocol fees over the past 24 hours, surpassing Pump.fun. Among all protocols, Pons ranked fourth in 24-hour fees, trailing only Tether, Uniswap and Circle.

TREE NEWS update: Pencil Finance said it completed a $1 million onchain lending cycle for 6,600 students in Southeast Asia, marking its first-of-a-kind loan. The financing targeted students underserved by traditional lenders.

TREE NEWS update: Term Labs announced that all fixed-rate lending positions have been restored, with the final recovery operation completed on August 25 at 14:52 UTC. The impact was limited to liquid assets in Term Vaults; Term V1 and V2 contracts were not attacked, and direct lending markets remain operational. The attacker funded wallets via Tornado Cash and exploited governance delays to drain ETH and USDC from strategies.

TREE NEWS reports: A two-person arbitrage team revealed they earned $10 million in profit over 10 months by trading stock perpetuals on Hyperliquid’s HIP-3 against IBKR, with $32 billion in combined volume. The strategy, detailed in a post, weathered a $1.1 million loss from a data glitch. They now face competition from institutions like Ethena.

TREE NEWS update: Solana completed its first binding on-chain governance vote on Aug 27-28, passing SGP-0001 (Constitution) and SGP-0002 (double deflation) but rejecting SGP-0003, a fee reform to increase SOL burns. The deflation proposal passed narrowly at 67% support, while the burn proposal failed due to high abstention. The vote marked a shift to stake-weighted voting under the new SGP framework.

TREE NEWS update: Colombian fintech Plenti has raised $3 million in seed funding, led by Tether with participation from Verda Ventures. The funds will support its expansion into Peru and Bolivia. Founded in 2022, Plenti offers multi-currency accounts for freelancers and remote workers, enabling them to hold dollars, euros, and pesos, earn yield, and invest in US stocks, ETFs, digital gold, and crypto. It serves over 150,000 active users, processing over $3.1 billion annually and handling over 680 million USDT since 2023.

TREE NEWS update: Jupiter announced the launch of Universal Deposit, a cross-chain deposit feature enabling users to send tokens from any supported chain and receive USDC directly in their Solana wallet. The feature automatically handles routing, bridging, and swapping, supporting Ethereum, Base, Arbitrum, and Sui, with a flat fee of $0.30.

TREE NEWS reports: ArbitrumDAO reported $6.19 million in revenue for the first half of 2024, with Robinhood Chain contributing 35% of July’s revenue. The report highlights the growing influence of institutional adoption on Arbitrum’s ecosystem.

TREE NEWS reports: ArbitrumDAO generated $6.19 million in income during the first half of the year. In July, license fees from the Arbitrum Expansion Program, totaling $360,000, accounted for 35% of the DAO’s monthly income. That month marked the first full month Robinhood Chain operated on mainnet.