Robinhood Chain Surges Past Solana in Tokenized Stock Volume
Robinhood Chain has surpassed Solana in tokenized stock volume through memecoin pairs. Over the past week, tokenized stocks on Robinhood's three-week-old chain averaged $29.7 million in daily DEX volume, outperforming Solana's xStocks and Backpack venues combined.
The surge can be attributed to launch platforms Bankr and long.xyz, which introduced memecoins backed by tokenized stock liquidity across over 90 tickers in mid-July. These pairs now dominate the chain's trending list, with Artificial Inu (AI/NVDA) leading at $2.6 million in daily volume.
Daily active tokenized-stock traders on the chain peaked above 20,000 in the week of July 20, making it the highest of any stock-token platform tracked. However, Binance's bStocks on BNB Chain still reigns supreme with a massive $676.8 million in daily DEX volume over the same period.