Robinhood Chain RWA Value Jumps Fivefold to $70M
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- Robinhood Chain's real-world assets surged to about $70 million, a roughly fivefold increase in less than two weeks per DefiLlama, up from just 4% of network activity in mid-July.
- GameStop, Nvidia, and SpaceX lead tokenized stock trading on the chain with daily volumes of $26.6 million, $14 million, and $6.4 million respectively; twelve equities now clear at least $500,000 daily, with five above $1 million.
- Total value locked on Robinhood Chain roughly tripled since mid-July to about $312 million, with daily DEX volume exceeding $600 million and 138 million-plus transactions in 30 days per Token Terminal.
- Tokenized stocks generate roughly $55 million in daily volume — under a tenth of the chain's nearly $600 million total DEX trading, with stablecoins and memecoins still dominant across the network.
- Memecoins like CASHCAT, "Hoodrat," "Vladhood," and "Swole Doge" still top Robinhood Chain's trending list on DEX Screener, well ahead of tokenized equities in volume rankings.
- CASHCAT, a memecoin referencing Robinhood's abandoned original name, spiked more than 1,700% after CEO Vlad Tenev followed its account before falling about 75% from its peak.
Why it matters: The fivefold jump in RWA value to $70M validates Robinhood's tokenization pitch after weeks of memecoin-only criticism, but tokenized stocks at roughly $55M daily volume remain a fraction of the chain's $600M DEX activity — the real test is whether equity trading scales as Robinhood moves to onboard its retail user base.
