Long.xyz, an issuance platform on Robinhood Chain, said its tokenized stock trading volume on-chain exceeded $425 million over the past 24 hours. The platform also said stock total value locked, or TVL, is now close to $12 million, accounting for about 20% of all stock TVL on the chain. According to the announcement, Long.xyz lets users issue meme tokens and pair them directly against tokenized equities such as NVDA, AAPL, and TSLA, instead of using USDC or ETH as the quote asset. The platform said that design is intended to bring trading volume and liquidity to tokenized stocks.
Long.xyz, an issuance platform on Robinhood Chain, said on Sept. 2 that LONG's tokenized stock trading volume on the chain exceeded $425 million in the past 24 hours.
The platform added that stock total value locked, or TVL, is now close to $12 million, representing about 20% of all stock TVL on the chain.
Long.xyz described itself as an emerging issuance platform on Robinhood Chain. Users can issue meme tokens and pair them directly with tokenized stocks such as NVDA, AAPL, and TSLA, rather than against USDC or ETH. The platform said the setup is designed to direct trading volume and liquidity toward tokenized equities.
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