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Over the past week, Robinhood Chain's tokenized stock daily average DEX trading volume has surpassed Solana.
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Robinhood Chain, three weeks after its launch, has seen its daily average DEX trading volume for tokenized stocks reach $29.7 million in the past week. This figure surpasses the combined volume of Solana's xStocks ($11.1 million) and Backpack's Sunrise ($13.4 million). Tokenized Nvidia leads the pack with $13.9 million in trading volume, followed by SpaceX at $6.2 million, Apple at $4.5 million, and GameStop at $2.2 million. This growth is attributed to platforms like Bankr and long.xyz, which enable users to issue meme coins backed by the liquidity of tokenized stocks. The liquidity pools for these meme coins include tokenized stocks as collateral, indirectly driving the trading volume of tokenized stocks through meme coin transactions.