Key facts
- Tokenized real-world assets on Robinhood Chain have surged to approximately $70 million.
- Daily trading volume for tokenized stocks on the chain has increased from $5 million to $60 million.
- GameStop, Nvidia, and SpaceX are among the top tokenized stocks by daily volume.
- Total value locked (TVL) on Robinhood Chain has tripled to $312 million.
- Over 100 assets have been tokenized on the chain, with total RWA value nearing $25 million.
Tokenized real-world assets, specifically stock shares trading on the Robinhood Chain, have experienced a significant surge, increasing approximately fivefold to about $70 million in less than two weeks. This growth marks a shift from the initial dominance of memecoins on the chain since its July 1 launch.
Currently, a dozen tokenized stocks are each trading over $500,000 daily, with five surpassing $1 million. GameStop leads this trend with $26.6 million in daily volume, followed by Nvidia at $14 million and SpaceX at $6.4 million. The chain's overall activity has also scaled rapidly, with total value locked (TVL) tripling to $312 million and daily decentralized exchange (DEX) volume exceeding $600 million. Over 138 million transactions have been recorded in the past 30 days, positioning it as one of the most active networks in the crypto space.
On the tokenization front, more than 100 assets have been tokenized, bringing the total value of real-world assets (RWAs) close to $25 million. Daily trading volumes in this segment have surged from around $5 million to $60 million, representing the most significant growth area.
This development is particularly timely as Robinhood is set to report earnings this week. CEO Vlad Tenev, a vocal proponent of the chain and tokenization, is expected to emphasize these metrics to Wall Street analysts, potentially influencing investor perception of the stock's valuation.