Robinhood Chain Daily RWA Trading Volume Tops $85 Million for Record High
JOON HYOUNG LEE
Summary
- Robinhood’s proprietary blockchain Robinhood Chain posted daily trading volume in real-world assets (RWA) of more than $85 million, the highest since launch.
- Daily RWA trading volume on Robinhood Chain totaled about $85.1 million on August 25, with tokenized stock volume accounting for $66.6 million (78%) of the total.
- Robinhood Chain added about 100 tokenized stocks this month, bringing the number of tokenized stocks traded on the chain to about 190.
Daily trading volume in real-world assets on Robinhood Chain, the proprietary blockchain of US stock trading platform Robinhood, rose above $85 million.
Odaily reported on August 26 that daily RWA trading volume on Robinhood Chain totaled about $85.1 million on August 25, the highest since the chain’s launch.
Tokenized stocks accounted for $66.6 million, or about 78% of the total. Exchange-traded funds and US Treasuries accounted for $4.8 million, while commodities made up $3.3 million.
Robinhood Chain has added about 100 tokenized stocks this month. About 190 tokenized stocks are now traded on the chain.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul