Crypto▲ Bullish
RobinhoodChain RWA Transfers Surge to $885M After Mainnet Launch
Robinhood's tokenized asset transfers hit $885.5M in 30 days, a 2.4M% surge after mainnet launch. TVL reached $332M. Sustainability hinges on new credit instruments.
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RobinhoodChain's real-world asset transfer volume hit $885.5 million in the 30 days through July 29, a 2,424,301% increase from the prior period, according to data from the RWAs Foundation. The surge followed the official mainnet launch of Robinhood's custom blockchain earlier this month.
The foundation's data, shared via social media, showed the network went from negligible activity to processing hundreds of millions in tokenized assets. The jump reflects a combination of a low base and the migration of capital from users and developers after the chain went live, several crypto analysts said. Tokenized assets such as bonds and commodities can now move on Robinhood's infrastructure, reducing settlement times and intermediary costs.