Robinhood Chain Sees Tokenized Stocks Grow Fivefold

According to DefiLlama, the market value of real-world assets on the Arbitrum Orbit chain has climbed to about $70 million, with GameStop, Nvidia, and SpaceX as the most actively traded Stock Tokens.

Key Takeaways

• The active market value of real-world assets on Robinhood Chain rose to about $70 million, roughly five times higher than earlier this month.
• Tokenized stocks like GameStop, Nvidia, and SpaceX are now being traded in serious volumes on the chain.
• Memecoins and stablecoins still dominate, while the total value locked on Robinhood Chain has tripled since mid-July to about $312 million.

Robinhood Chain is beginning to resemble the kind of network it was designed to support. In less than two weeks since launch, trading has started to broaden beyond memecoins and into tokenized stocks and other real-world assets, even though speculative tokens still account for most of the activity.

Real-World Assets Are Picking Up

DefiLlama data shows the active market value of real-world assets on Robinhood Chain has reached about $70 million (€61.5 million). That is roughly five times higher than earlier this month, when the category was still in the low tens of millions of dollars and represented just 4% of the chain.

The tokenized stocks the network was built around are now seeing meaningful volume. A tokenized version of GameStop is trading $26.6 million (€23.4 million) a day, Nvidia is at $14 million (€12.3 million), and SpaceX is at $6.4 million (€5.6 million). Altogether, twelve tokenized stocks are now clearing more than $500,000 (€439,500) in daily volume, and five of them are above $1 million (€0.9 million).

Memecoins Still Dominate

Even with that growth, Robinhood Chain has not fully turned into a tokenization-first network. In its first few days, CASHCAT, a memecoin linked to Robinhood’s former name, was actually the most actively traded token. Robinhood has no connection to the project, but the coin still jumped more than 1,700% after CEO Vlad Tenev followed the account, before giving back much of those gains.

Memecoins and stablecoins remain the largest categories on the chain today. Total value locked on Robinhood Chain has roughly tripled since mid-July to about $312 million (€274 million), while daily DEX volumes are above $600 million. That puts the network among the busier chains in crypto, even if most of that trading still comes from assets other than the tokenized stocks themselves.

Why This Matters

For European crypto readers, the main point is that Robinhood Chain offers a real example of how tokenization can work on a public blockchain. Built as an Ethereum Layer 2 on Arbitrum Orbit, the chain lets users trade U.S. stocks as Stock Tokens, which fits Robinhood’s broader effort to bring traditional markets and DeFi closer together.

The move also reflects a wider shift in the market, where tokenization is increasingly centered on stocks and other tradable assets. Financial firms are treating it as a strategic priority more often, as Wall Street Makes Tokenization a Strategic Priority shows.

These Stock Tokens provide economic exposure to the underlying shares, but they do not come with voting rights or a direct ownership claim. That makes them different from traditional stocks, while also showing how quickly the line between crypto infrastructure and mainstream financial products is fading.