Robinhood Chain hits record with $900 million in assets, but stock tokens hold just $150 million

Digital FinanceIndustryPrice Action
โดย NADA NEWS·US·Read original
Summary · why it matters

Assets held on Robinhood Chain, the proprietary blockchain run by major U.S. online brokerage Robinhood, have reached about $900 million, hovering at a record high. Roughly two months after it went live on July 1, decentralized exchange trading volume hit about $11.1 billion over the past seven days, up more than 30% week over week, and on September 1 fee revenue logged a record $3.75 million, surpassing Ethereum itself and the layer-2 network Base. Yet although the chain was built to tokenize real-world assets such as stocks, the money actually flowing in is going to meme coins and stablecoins, with assets deposited in stock tokens amounting to just $150 million, a tiny fraction of the chain's total. In the stock token market, Ondo Finance leads with about $957 million, followed by Binance's bStocks at about $622 million and Kraken-owned xStocks at about $600 million, with these three firms accounting for roughly 77% of the market. Robinhood's share price rose about 36% in August and stood at around $111 a share as of September 11.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks
Robinhood Markets Inc
HOOD
▲ PositiveDemandrelevance

Robinhood Chain assets hit a record ~$900M with DEX volume up 30% WoW and record $3.75M daily fee revenue, showing strong adoption of its proprietary blockchain.

Theme Impact 4

Off-coverage companies 2

BinancePrivate± Mixed
Competitionrelevance

Binance's bStocks is named as the #2 stock-token platform with ~$622M, but the article gives no new development for Binance itself.

Kraken (Payward Inc.)Private± Mixed
Competitionrelevance

Kraken-owned xStocks is listed third with ~$600M in stock tokens, a passing market-share mention with no company-specific news.

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