Robinhood Chain Meme-Coin Trades Linked to Stock Tokens Surge to $440 Million
JH Kim
Summary
- Bloomberg reported that meme-coin trading linked to stock tokens on Robinhood Chain has surged, with related trading volume reaching about $440 million.
- It said trading volume between meme coins and stock tokens reached $217 million on Sept. 2.
- On the same day, direct stock-token trading volume was $127 million, below meme-coin-linked trading volume.
Forecast Trend Report by Period
Meme-coin trading linked to stock tokens is surging on Robinhood Chain, with related transaction volume reaching about $440 million.
Bloomberg reported on Oct. 2 that trading activity on Robinhood Chain is increasing as meme coins and stock tokens are directly paired in liquidity pools, with stock tokens being used as a base asset for meme-coin trading.
On Sept. 2, trading volume between meme coins and stock tokens reached $217 million.
That exceeded the $127 million in direct stock-token trading volume recorded the same day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.