Robinhood Chain generated $3.1 billion in decentralized exchange volume over seven days after its July 1 mainnet launch, Bernstein said. The early activity points to demand for Robinhood’s tokenized assets strategy, though memecoin trading has been an initial driver.
Robinhood Chain generated $3.1 billion in decentralized exchange volume over seven days after its July 1 mainnet launch, Bernstein said. The early activity points to demand for Robinhood’s tokenized assets strategy, though memecoin trading has been an initial driver.
The milestone matters because it gives Robinhood an early foothold in the overlap between tokenized real-world assets and decentralized finance. Bernstein said the activity supports the broker’s broader push to expand tokenized equities and other financial products onchain.
Robinhood’s new blockchain has quickly become one of the most active networks for decentralized trading, according to a Bernstein research report cited by CoinDesk. Since its July 1 mainnet launch, Robinhood Chain processed $3.1 billion in decentralized exchange volume over the past seven days, ranking it among the top five chains by DEX activity.
The milestone matters because it gives Robinhood an early foothold in the overlap between tokenized real-world assets and decentralized finance. Bernstein said the activity supports the broker’s broader push to expand tokenized equities and other financial products onchain.
Robinhood Chain is an Ethereum layer-2 network built on Arbitrum and designed for tokenized real-world assets and DeFi. CoinDesk reported that more than 65,000 users hold about $13 million in tokenized stocks and $300 million in stablecoins on the network.
The chain supports Robinhood’s tokenized stock offering, including 24/7 trading, self-custody and onchain use cases such as lending and collateral. Bernstein also pointed to integrations with Uniswap, Morpho, Lighter, Chainlink and BitGo as part of the network’s liquidity and utility buildout.
Early trading has been driven by memecoins, according to the report, but Bernstein expects Robinhood to increase its focus on tokenized real-world assets, including stocks and commodities, as well as perpetual futures. The firm also said the broader tokenized real-world asset sector has grown to more than $51 billion, while tokenized equities have reached $1.9 billion after strong year-to-date growth.
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