Robinhood Chain's real-world assets jump fivefold as tokenized stocks start trading in bigger size
CoinDesk·
60-second summary
Robinhood Chain's real-world assets surge fivefold as tokenized stocks begin trading in larger sizes, with a dozen stocks clearing $500,000 daily. The chain has tripled in size since mid-July. Despite this growth, memecoins and stablecoins still dominate the chain, indicating a shift towards more substantial assets, potentially influencing the broader market's adoption of on-chain equities.
The chain built to put equities onchain has tripled in size since mid-July, and a dozen tokenized stocks are now each clearing $500,000 a day. Real-world assets are growing fast, though memecoins and stablecoins still dominate the chain.