Robinhood Chain Tokenized Stocks Top $500K Daily as RWAs Quintuple
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- Robinhood Chain's tokenized real-world assets jumped to about $70 million in active market value, a roughly fivefold increase from "the low tens of millions" in less than two weeks, per DefiLlama.
- A dozen tokenized stocks on the chain now each clear at least $500,000 in daily volume, with five above $1 million — GameStop leads at $26.6 million daily, followed by Nvidia at $14 million and SpaceX at $6.4 million.
- Total value locked on Robinhood Chain has roughly tripled since mid-July to about $312 million, and the network is now clearing more than $600 million in daily DEX volume.
- Tokenized equities generate roughly $55 million in daily volume, under a tenth of the chain's nearly $600 million total DEX trading — the rest is dominated by memecoins and stablecoins.
- Memecoins such as CASHCAT — built around Robinhood's abandoned original name "CashCat" — still top Robinhood Chain's trending list on DEX Screener, alongside tokens like "Hoodrat," "Vladhood," and "Swole Doge."
- Robinhood Chain recorded more than 138 million transactions in 30 days, per Token Terminal, placing it among the more active networks in crypto.
Why it matters: Robinhood launched its own blockchain specifically to put equities onchain, but spent its first weeks hosting memecoin speculation — the $70 million RWA figure and $55 million in daily tokenized-stock volume show the intended use case is finally catching on. The catch: that's still less than 10% of the chain's $600 million in daily DEX activity, so tokenized equities remain a fast-growing minority of a chain whose dominant business is memecoins and stablecoins.
