Robinhood Chain posts $29.7 million in average daily tokenized-stock DEX volume over past week

Data from a Dune dashboard maintained by the OKX Web3 Wallet team shows Robinhood Chain averaged $29.7 million in daily decentralized exchange volume for tokenized stocks over the past seven days. That figure was higher than the combined totals of xStocks on Solana, which recorded $11.1 million, and Backpack Sunrise, which posted $13.4 million. The increase was mainly tied to launch platforms including Bankr and long.xyz, which since mid-July have let users issue memecoins paired with tokenized stocks for liquidity. The setup spans more than 90 stock tickers, and memecoin trading also generates volume in stock tokens while locking those stock tokens into liquidity pools. Nvidia led tokenized stock trading on-chain with $13.9 million in daily volume, followed by SpaceX at $6.2 million and Apple at $4.5 million. Weekly peak daily active tokenized-stock traders topped 20,000 in the week of July 20, the highest among stock-token platforms. Even so, Binance’s bStocks on BNB Chain averaged $676.8 million in daily volume, more than 20 times Robinhood’s level.