Tokenized Real-World Assets on Robinhood Chain Surpass $70 Million
Summary
- The value of real-world asset (RWA) tokenization on Robinhood Chain reached about $70 million, up fivefold from two weeks earlier.
- Tokenized GameStop shares posted the highest daily trading volume at $26.6 million, followed by Nvidia and SpaceX.
- Growth in RWA tokenization helped lift Robinhood Chain's total value locked (TVL) to $312 million, triple the level of a week earlier, though most trading volume still comes from memecoins and stablecoins.
Forecast Trend Report by Period
Tokenized real-world assets, or RWAs, are gaining traction on Robinhood Chain, CoinDesk reported on July 25.
The value of tokenized RWAs on Robinhood Chain was about $70 million, up fivefold from $14 million two weeks earlier.
Trading activity also surged. Tokenized GameStop shares recorded the highest daily volume at $26.6 million, followed by Nvidia at $14 million and SpaceX at $6.4 million.
The growth of RWA tokenization has also driven rapid expansion on Robinhood Chain. DefiLlama data showed the chain's total value locked had risen to $312 million as of July 25, roughly triple the level of a week earlier.
Even so, memecoins and stablecoins still account for most of the trading volume on Robinhood Chain.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.