BlockBeats shared the market data in a flash update on Aug. 30. According to GMGN, TENDIES, a meme token on Robinhood Chain, saw its market cap exceed $27 million. At that point, its 24-hour gain stood at 41.2%, a recent high for the token. It has since pulled back to around $22 million, with 24-hour trading volume of $2.8 million. The token's name comes from an internet meme widely used by U.S. retail investors and Reddit communities. 'Tendies' refers to chicken tenders or chicken nuggets and is slang for the feeling of an ordinary retail trader making money and going home to celebrate with chicken. It carries a sense of grassroots victory. In its note, BlockBeats said meme coin trading is extremely volatile and often depends on market sentiment and concept hype. TENDIES has no real value or use case, the outlet added, and investors should pay attention to risk.

Crypto exchanges are pushing deeper into equities, turning stocks into one of the clearest product expansion paths in this market cycle. CoinGecko data cited in the report shows monthly stock perpetual volume across the top 13 crypto trading platforms climbed from about $831 million in July 2025 to roughly $34 billion in May 2026, a jump of nearly 40 times in less than a year. TradFi and RWA perpetuals spanning stocks, commodities and indexes reached $347.17 billion in May 2026 alone, with year-to-date volume above $1.32 trillion. The landscape is no longer limited to synthetic price exposure. Binance, Kraken, OKX, Bitget, Gate, Coinbase and Backpack are each combining different layers of product infrastructure, including direct access to real U.S. stocks and ETFs, tokenized stocks backed 1:1 by underlying securities, onchain-transferable equity tokens, stock perpetuals, CFDs and pre-IPO contracts. Their structures differ in important ways, especially around custody, investor rights, redemption and whether users actually own shares or only gain economic exposure. The report argues that crypto stocks remain early relative to traditional equity markets, with CoinGecko data indicating activity in crypto stock derivatives is still less than 1% of traditional stock market volume. Even so, the segment is moving from a niche RWA experiment toward a core competitive arena for centralized exchanges that want to extend from crypto into broader financial trading.

Crypto stock products are turning into one of the clearest expansion paths for centralized exchanges as they push beyond digital assets and into traditional finance. The competitive set is no longer limited to synthetic price exposure. By 2026, major platforms had rolled out a mix of real stock brokerage, tokenized equities, stock perpetuals, CFDs and pre-IPO products, often inside a single account system. According to CoinGecko figures cited in the source article, monthly trading volume for stock perpetuals across the top 13 crypto trading platforms climbed from about $831 million in July 2025 to roughly $34 billion in May 2026, an increase of nearly 40 times in less than a year. The article also notes that cumulative stock-perpetual volume in the first five months of 2026 had already surpassed the whole of 2025. On the tokenized spot side, xStocks had logged more than $35 billion in cumulative trading volume by July 2026 and nearly 200,000 holders globally, while expanding beyond U.S. stocks and ETFs into Hong Kong, the U.K., Europe and South Korea. The report reviews how Binance, OKX, Bitget, Gate, Kraken, Coinbase and Backpack approach the market through different legal and product structures. It argues that the category now spans four distinct models: traditional brokerage access to real shares, tokenized securities backed by underlying stocks, total-return or synthetic equity tokens, and stock perpetuals or CFDs that do not require 1:1 share backing. The result is a market that is still early by global equity standards, yet increasingly central to how exchanges compete for the next phase of user growth.

Gate Research says Robinhood Chain is emerging as one of the most closely watched examples of a traditional finance firm building its own public blockchain, but the network’s early traction has come from Meme tokens rather than tokenized securities. In the report, Robinhood Chain is described as an Arbitrum-based, EVM-compatible Layer 2 built for tokenized stocks, ETFs, private assets, stablecoins and other real-world assets, with a long-term goal of linking issuance, wallets, trading, liquidity and applications in one system. The study argues that the chain’s first wave of growth has instead been led by Meme tokens, Launchpads and active DEX trading. As of July 23, the report says Robinhood Chain had 101 RWA assets on-chain with a combined value of about $21.84 million, while more than 40,000 new tokens were being created in a single day during the same period. That gap, according to Gate Research, reflects the much lower supply threshold for Meme assets compared with regulated financial products. The report also highlights Gate DEX’s full integration with Robinhood Chain. Gate Alpha, Gate Wallet and Gate DEX Swap now support ecosystem asset discovery, wallet interaction, on-chain trading and cross-chain swaps, expanding the network’s distribution channels and external capital access. Gate Research’s core view is that Robinhood Chain currently operates in a two-layer structure: RWA as the long-term asset destination, and Meme as the short-term liquidity engine.

TENDIES, a meme token on the Robinhood chain, has pushed its market capitalization past $24 million, according to GMGN market data cited by BlockBeats. The 24-hour gain stands at 27.4%, and the token is said to have hit a recent high. Trading volume during the same period reached approximately $2.1 million. The name 'TENDIES' is rooted in an internet meme widely used by retail investors on U.S. stock forums and Reddit. 'Tendies' refers to chicken tenders, a playful symbol of grassroots victory — ordinary traders making money and celebrating with a plate of chicken at home. BlockBeats has appended a risk notice, reminding investors that meme coins are prone to huge price swings, are driven mostly by market emotion and concept hype, and generally lack real value or use cases. As with any speculative asset, caution is advised. The data was highlighted in a BlockBeats news alert on Aug. 5.

TENDIES, a meme token on the Robinhood chain, has crossed a $20 million market capitalization, according to GMGN market data cited by BlockBeats on Aug. 4. The token was up 64% over the past 24 hours, while trading volume during the same period reached $2 million. The move puts TENDIES among the more active meme-token names on the chain for the day, at least by the figures referenced in the report. The token’s name comes from the internet slang “tendies,” a meme rooted in U.S. retail stock-trading culture and Reddit communities. In that context, the term refers to the celebratory idea of small traders making money and going home to eat chicken tenders or nuggets. BlockBeats also attached a risk note to the item, saying meme-coin trading can be highly volatile and is often driven by market sentiment and thematic speculation rather than practical value or real-world use cases.

WEEX exchange said on July 31 that it has launched a Robinhood ecosystem rewards campaign covering five tokens: CASHCAT, HOODRAT1, STONKBROKER, TENDIES, and INDEX. Under the event rules, users who trade any of the included tokens can join a shared prize pool worth $100,000. The campaign runs from 20:30 on July 30 to 20:30 on Aug. 9, based on UTC+8. The announcement was reported by ChainCatcher as a 7x24 newsflash.

Hong Kong small-cap stocks saw active trading on July 29, with names in capital markets, industrial electronics and financial services posting strong gains, according to Odaily. Gate’s Hong Kong stock gainers list showed Ding Shi Capital (00804) up 73.17% at HK$7.10, Chiho Industrial Electronics (01710) up 20.87% at HK$0.55, and Gaoyu Financial (08221) up 18.68% at HK$2.35. On the same day, Gate opened its Hong Kong stock contract trading event, running from 16:00 on July 29 to 16:00 on Aug. 7, UTC+8. Users who register can receive 5 USDT and join trading challenges tied to ZHIPUUSDT, TENCENTUSDT and XIAOMIUSDT. The platform said participants can earn as much as 240 USDT by completing a first trade, daily check-ins and trading tasks, with a total prize pool of 50,000 USDT. Gate also said its stock trading service now covers U.S., Hong Kong and South Korean equities on a 24/7 basis.