Agentic infrastructure and RWA tokenization accelerating across markets: OpenRouter in Stripe acquisition talks, Robinhood Chain hitting $583M daily DEX volume, Circle's Arc testnet with 100+ companies including BlackRock, and Ondo's tokenized equities getting SEC authorization.
DeFi & Yields ·
Tokenized real-world assets on Robinhood Chain have reached approximately $70 million in value, representing roughly a fivefold expansion over less than two weeks. A dozen tokenized equity positions—headed by GameStop, Nvidia, and SpaceX—are each now moving at least $500,000 in daily trading volume, with several exceeding $1 million. GameStop's tokenized shares alone are generating $26.6 million in daily volume.
The chain's total value locked has approximately tripled since mid-July to roughly $312 million, and daily decentralized-exchange volume has surpassed $600 million, positioning it among crypto's more active networks. Yet the expansion of tokenized equities reflects only a partial shift in the network's composition. Stablecoins remain the largest asset category by market value, and memecoins—particularly those tied to Robinhood branding—continue to dominate overall trading activity and trending lists on popular DEX tracking platforms.
Tokenized stocks account for approximately $55 million in daily DEX volume, representing roughly one-tenth of the chain's total trading. The network's trajectory marks a move away from its launch period, which was dominated by speculative memecoin trading, though real-world asset adoption remains significantly outweighed by other token categories in absolute terms.