Foreign media reports that after Robinhood Chain launched in early July, its initial growth was driven primarily by meme trading, but in recent weeks, on-chain tokenized stocks have seen a significant increase in trading volume. The daily trading volume of several tokenized US stocks has risen to over $500,000, with five exceeding $1 million. GameStop, Nvidia, and SpaceX are currently leading the pack.
Tokenized stock trading volume increased
The report mentions that GameStop currently has a daily trading volume of approximately $26.6 million, Nvidia approximately $14 million, and SpaceX approximately $6.4 million. Besides the leading stocks, more than ten tokenized stocks have entered a relatively stable and active trading range.
Looking at tokenized assets as a whole, over 100 assets have been tokenized on Robinhood Chain, with a total value of nearly $25 million. Daily trading volume has also increased from approximately $5 million to approximately $60 million, making it one of the fastest-growing sectors recently.
On-chain activity increased in tandem
In addition to tokenized shares, Robinhood Chain's overall on-chain data is also rising. Reports indicate that the chain's total value locked has roughly tripled since mid-July, reaching approximately $312 million.
During the same period, the daily trading volume of this chain's DEX exceeded $600 million, with a cumulative total of over 138 million transactions in 30 days. Based on this metric, Robinhood Chain has entered the ranks of the most active networks in the current crypto market.
Financial Report Weekly Observation Points
The article argues that the timing of this data release is sensitive, as Robinhood will release its earnings report this week. The market will be focusing not only on the on-chain data itself, but also on whether management will emphasize tokenized shares and RWA in their communications with analysts.
The report mentions that Robinhood CEO Vlad Tenev has been consistently promoting this blockchain. If the company further emphasizes the progress of tokenized assets during its earnings call, related business could become an important basis for explaining its investment in on-chain infrastructure to shareholders.
However, this article also carries a clear opinion. Its core judgment is that the market may not have fully priced in this growth into Robinhood's stock price performance, and the financial statements may become the next window for observation.
