Robinhood's new blockchain quickly became a top-five network by DEX volume, signaling strong early demand for its tokenized asset platform, the broker said.
- Robinhood Chain processed $3.1 billion in DEX volume over the past seven days, ranking among the top five chains, Bernstein said.
- More than 65,000 users hold roughly $13 million in tokenized stocks and $300 million in stablecoins on the network.
- Bernstein said the launch strengthens Robinhood's strategy to expand tokenized equities and other real-world assets through DeFi.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters :
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Ethereum Foundation spinout EthSystems targets banks with blockchain privacy technology
Bitcoin's BIP-110 sparked a fight over who gets to decide the future of Bitcoin
Robinhood built a blockchain for tokenized stocks. Memecoins took over
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