Tokenized Stocks See Sharp Growth on Robinhood Chain
Tokenized stocks trading on Robinhood Chain have surged more than fivefold in under two weeks, reaching a total value of around $70 million. Assets like GameStop and Nvidia are seeing significant daily volumes, with some clearing over $14 million per day. The broader chain has also experienced rapid growth, tripling its Total Value Locked (TVL) to about $312 million since mid-July. Robinhood's tokenized real-world assets now include more than 100 items and are nearing a total value of $25 million in RWA. Daily trading volumes have increased from approximately $5 million per day to over $60 million, highlighting the chain’s growing activity. With Robinhood set to report earnings this week, CEO Vlad Tenev is expected to emphasize these developments during his call with Wall Street analysts. The market remains uncertain about whether HOOD stock currently reflects this growth or if further surprises are in store.
Topics: DeFi volume onchain trading Robinhood Chain RWA (Real-World Assets) tokenized stocks