Robinhood chain ecosystem token STANDARD market cap quickly hits $45 million

BlockBeats news, September 15, according to GMGN market data, the Robinhood chain ecosystem token STANDARD (The Standard Reserve) went live 2 hours ago, with its market cap briefly surpassing $45 million, now reported at $44.2 million, and trading volume reaching $29.8 million.

The Standard Reserve describes itself as an "on-chain sovereign central bank," attempting to replace traditional central banks or DAO governance with immutable smart contract code (approximately 4,000 lines) to achieve automated monetary policy. The protocol automatically adjusts monetary policy through the net flow of ETH in the official Uniswap v4 trading pool: when there is a net inflow of funds, it gradually expands the issuance of STANDARD and uses the revenue to accumulate reserve assets and protocol-owned liquidity; when there is a net outflow of funds, it reduces the issuance and uses revenue to buy back and burn tokens.

BlockBeats reminds users that the price of related tokens is highly volatile, and users should invest with caution.