STANDARD Market Cap Falls Below $30 Million as Token Drops More Than 16% in One Hour

Robinhood ecosystem token STANDARD fell below a $30 million market capitalization and was last reported at $28.1 million, down more than 16% in the past hour. According to Odaily, The Standard Reserve describes itself as an on-chain sovereign central bank and says it plans to replace traditional central bank or DAO governance with about 4,000 lines of immutable smart contract code to automate monetary policy. The protocol adjusts STANDARD issuance based on net ETH flows in Uniswap v4 official trading pools and changes reserve assets, protocol-owned liquidity, and token buyback-and-burn arrangements when funds flow in or out.