Robinhood Chain tokenized stocks hit $70M, with GameStop and Nvidia leading daily volumes. Infrastructure funding and competition heat up as the network triples TVL.
Robinhood Chain's tokenized stock market has swelled to roughly $70 million in real-world assets less than two weeks after the network launched, according to data from DefiLlama. That is a fivefold increase from the low tens of millions recorded shortly after the debut. The rise suggests the chain is beginning to attract larger transactions in the asset class it was built to support, even as memecoins and stablecoins still account for the bulk of decentralized exchange activity.
Trading volumes have climbed across individual tokenized equities. Tokenized GameStop generated about $26.6 million in daily volume, followed by Nvidia at $14 million and SpaceX at $6.4 million, data from Cryptopolita showed. Twelve tokenized stocks now process more than $500,000 in daily trading volume, and five have exceeded $1 million. The wider network has expanded alongside that growth. Total value locked on Robinhood Chain reached $312 million after tripling since mid-July, DefiLlama data indicated. Daily decentralized exchange volume topped $600 million, while Token Terminal reported more than 138 million transactions over the past 30 days.
Infrastructure developers are also moving onto the chain. Memecoin.Fun announced a $3.5 million strategic funding round led by Becker Ventures, with participation from BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen. The transaction was completed through the USDG token. The project did not disclose its valuation or investment terms. According to the announcement, the funding will support development of a Robinhood Chain launchpad, cross-chain bridge infrastructure, and research for a multichain platform focused on memecoins. The company did not provide launch dates for those products.
Competition is heating up as well. Pons recently outlined plans for its V2 upgrade, which is expected to introduce an Ether-based bonding curve, Uniswap V4 integration, ETH creator payments, and trading pairs linked to tokenized real-world assets. Robinhood Chain had already locked nearly $400 million in stablecoins and had a total value locked of $431 million within three weeks of launch, network data showed. FalconX said the network processes about 6 million transactions per day and has over 250,000 daily active users.
Despite the rising presence of tokenized stocks, memecoins still drive over 80% of trading on Robinhood Chain's decentralized exchanges, the same data showed. DEX Screener data placed trending tokens such as Hoodrat, Vladhood, and Swole Doge above tokenized stocks by trading volume. The speculative assets remain the largest source of activity on the chain, even as the infrastructure for real-world assets continues to attract capital and users.
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