Robinhood Chain's daily DEX trading volume surpasses Solana, and tokenized stocks are driven by Meme coin activity
According to The Defiant, Robinhood Chain has been online for three weeks, and the average daily DEX trading volume of tokenized stocks in the past week has reached $29.7 million, exceeding the sum of xStocks on Solana ($11.1 million) and Sunrise on Backpack ($13.4 million). Tokenized Nvidia leads with $13.9 million, SpaceX、 Apple and GameStop reached $6.2 million, $4.5 million, and $2.2 million, respectively. The growth is due to the Bankr and long.xyz platforms allowing users to issue Meme coins supported by tokenized stock liquidity. The liquidity pool of Meme coins includes tokenized stocks as collateral, and Meme coin trading indirectly drives stock token trading volume.