Robinhood Chain Tokenized Stocks Jump 5x to $70M in Under Two Weeks

Tokenized stocks on Robinhood Chain jumped roughly fivefold in under two weeks to about $70 million. A dozen tokenized stocks are each clearing more than $500,000 in daily volume, with GameStop leading at $26.6 million daily, Nvidia at $14 million, and SpaceX at $6.4 million. The growth reflects a shift from memecoins to tokenized real-world assets since Robinhood Chain launched on July 1. Daily trading volumes spiked from approximately $5 million to $60 million, with over 100 assets tokenized and total RWA value nearing $25 million.

Robinhood Chain TVL Triples to $312 Million Since Mid-July

Total value locked on Robinhood Chain roughly tripled since mid-July to about $312 million. The chain is clearing more than $600 million in daily DEX volume and logged over 138 million transactions in 30 days. On the tokenization side, over 100 assets have been tokenized with total RWA value nearing $25 million.

Robinhood Reports Earnings This Week

Robinhood reports earnings this week. CEO Vlad Tenev will participate in a call with Wall Street analysts days after the tokenized stock data emerged. Tenev has promoted the chain through posts including "Robinhood Summer is here" and discussions of the memecoin activity.

ETH ETFs Record $103 Million Net Inflows Last Week

ETH ETFs saw $103 million in net inflows last week compared to $33 million for BTC ETFs. The Bitcoin ETFs saw $240 million in net outflows on Friday, while ETH ETFs saw $70 million in outflows on the same day.

BitMart Exchange Shuts Down After Nine Years

Crypto exchange BitMart is shutting down after nine years of operation. The exchange's BMX token crashed 58% on the news. BitMart becomes the second exchange closure in a week after BitMEX.

ZCash Ironwood Upgrade Launches Tomorrow

ZCash's Ironwood Upgrade is expected to go live tomorrow. The upgrade includes a new shielded pool and a turnstile mechanism to avoid counterfeit concerns. Separately, Pons v2 is launching this week with a new earning mechanism, rug-proof design, custom pairing assets and a new fee stream.

FAQ

What caused tokenized stocks on Robinhood Chain to jump 5x? Tokenized stocks on Robinhood Chain jumped roughly fivefold in under two weeks to about $70 million as activity shifted from memecoins to tokenized real-world assets. GameStop leads at $26.6 million in daily volume, followed by Nvidia at $14 million and SpaceX at $6.4 million.

How much did ETH ETFs receive in net inflows last week? ETH ETFs saw $103 million in net inflows last week compared to $33 million for BTC ETFs during the same period.

When does ZCash's Ironwood Upgrade launch? ZCash's Ironwood Upgrade is expected to go live tomorrow, featuring a new shielded pool and a turnstile mechanism to avoid counterfeit concerns.