Robinhood Chain is starting to ship on its tokenization technique after an early surge in memecoin hypothesis overshadowed its launch. Lower than two weeks after debuting, the blockchain is seeing fast progress in tokenized real-world belongings (RWAs), with the sector’s market worth climbing to roughly $70 million, in accordance with DefiLlama. That marks a rise of about 5 instances from the low tens of tens of millions recorded shortly after launch.
Initially, tokenized belongings accounted for less than round 4% of the community’s exercise, whereas stablecoins and memecoins dominated buying and selling. Now, tokenized equities are attracting bigger buying and selling volumes, signaling rising adoption of Robinhood’s core imaginative and prescient.
GameStop leads the tokenized inventory market on Robinhood Chain with roughly $26.6 million in each day buying and selling quantity. Nvidia follows with about $14 million, whereas SpaceX generates roughly $6.4 million. Total, 12 tokenized shares now report greater than $500,000 in each day buying and selling, together with 5 that exceed $1 million.
The community’s early highlight was on CASHCAT, a memecoin impressed by Robinhood’s unique firm title. The token surged greater than 1,700% after CEO Vlad Tenev adopted its social media account earlier than retreating roughly 75% from its peak. Regardless of the decline, memecoins proceed to dominate general buying and selling exercise.
Robinhood Chain’s complete worth locked (TVL) has additionally expanded considerably, reaching about $312 million, practically triple its mid-July stage, in accordance with DefiLlama. Every day decentralized trade (DEX) quantity has climbed above $600 million, inserting the community among the many busiest blockchain ecosystems. Token Terminal additionally experiences greater than 138 million transactions over the previous 30 days.
Even with the rise in tokenized equities, memecoins such as Hoodrat, Vladhood, Swole Doge, and CASHCAT stay probably the most actively traded belongings. Tokenized shares at present account for roughly $55 million in each day buying and selling—lower than 10% of complete DEX quantity—whereas stablecoins and memecoins proceed to dominate liquidity.
Though Robinhood Chain nonetheless depends closely on speculative buying and selling, the regular growth of tokenized shares suggests its real-world asset ecosystem is gaining momentum. Continued progress might be essential as Robinhood works towards bringing tens of millions of retail traders on-chain and increasing blockchain-based entry to tokenized monetary markets.
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