Uniswap Dominates Robinhood Chain's Tokenized Stock Market with 99% Market Share

Robinhood Chain's tokenized stock market is quickly gaining traction, with Uniswap dominating the scene. According to onchain data, Uniswap now powers virtually all decentralized trades for Robinhood's tokenized equities, holding a combined market share of around 99% across its V4 and V3 versions.

This growth has been rapid, with DefiLlama showing that Robinhood Chain's tokenized real-world assets have climbed to roughly $70 million in just two weeks. The total value locked on the network has expanded to over $300 million.

The platform launched its tokenized stock market on July 1, offering users access to more than 90 tokenized stocks and ETFs, including Apple, Nvidia, and Tesla. These tokens allow holders to gain price exposure to these companies without owning underlying shares or receiving shareholder rights.

Trading activity has accelerated quickly, with 12 tokenized equities now generating over $500,000 in daily trading volume, while five have already surpassed $1 million per day. GameStop leads the market at roughly $26.6 million in daily volume, followed by Nvidia and SpaceX.