Robinhood Chain Sees 5-Fold Increase in Real-World Assets
The Robinhood Chain has seen significant growth in tokenized real-world assets (RWAs), reaching approximately $70 million in value. This is a fivefold increase from just under two weeks ago, with RWAs now making up around 4% of activity on the network.
Tokenized GameStop leads the pack, clearing over $26.6 million in daily volume, followed by Nvidia at $14 million and SpaceX at $6.4 million. Twelve tokenized stocks are now trading more than $500,000 daily, with five crossing the $1 million mark.
The total value locked on Robinhood Chain has roughly tripled since mid-July to about $312 million. The chain is processing over $600 million in daily decentralized exchange volume, placing it among the more active crypto networks right now.