Robinhood Chain real-world assets surge fivefold

Tokenized equities on Robinhood Chain have driven a sharp increase in real-world assets, which reached about $70 million in value after a fivefold rise in less than two weeks.

A dozen tokenized stocks now trade at scale on the network. GameStop leads with $26.6 million in daily volume, followed by Nvidia at $14 million and SpaceX at $6.4 million. Twelve such equities each clear at least $500,000 per day.

Total value locked on the chain has tripled since mid-July to roughly $312 million. Daily decentralized-exchange volume exceeds $600 million, placing Robinhood Chain among the more active crypto networks.

Stablecoins and memecoins continue to account for the majority of activity. Tokenized stocks generate about $55 million in daily volume, less than a tenth of the chain’s overall trading.

The shift follows an initial period dominated by speculative tokens after the chain’s launch. Data from DeFiLlama and Token Terminal show the growth in equities trading.

Makala yanayohusiana

Illustration of Robinhood blockchain launch in London with skyline, digital chains, tokens and trading interfaces
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Robinhood launches public blockchain mainnet in London

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Robinhood opened the public mainnet for its Arbitrum-based layer-2 blockchain on Wednesday, enabling tokenized stock trading and new decentralized finance products.

Solana recorded a sharp increase in real-world asset activity last month. Transfer volume more than doubled to $8.68 billion in the 30 days ending July 6. The rise points to greater circulation of tokenized assets on the network.

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Bitcoin steadied near $60,000 while Aave and Solana ecosystem tokens posted the strongest gains in the latest market session. Decentralized finance activity and tokenized stock trading on Solana drove the advance.

Bitcoin traded around 63000 dollars on Tuesday as market participants eyed the upcoming SpaceX initial public offering for signs of renewed risk appetite. The cryptocurrency had dipped below 60000 last week before recovering some ground.

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