Tokenized stocks surged 5x on Robinhood Chain amid broader market gains driven by oil price decline and strong ETH ETF inflows.
Macro & Markets ·
Tokenized stock assets on Robinhood Chain surged to roughly $70 million in under two weeks, with a dozen tokenized equities each exceeding $500,000 in daily trading volume and five crossing $1 million, led by GameStop at $26.6 million daily. The broader market rally was supported by an 8% oil decline, while Ethereum ETF inflows reached $103 million last week compared to $33 million for Bitcoin, according to https://decrypt.co/374357/morning-minute-tokenized-stocks-jump-5x-on-robinhood-chain. Robinhood Chain's total value locked has roughly tripled to approximately $312 million since mid-July, and the network is processing over $600 million in daily decentralized exchange volume.