According to reporting from CoinDesk, Robinhood Chain has seen significant growth in its real-world assets, with a fivefold increase. The chain, which is built to put equities on a blockchain, has tripled in size since mid-July.
A dozen tokenized stocks are now each clearing $500,000 a day, contributing to the growth of real-world assets on the chain. Despite this growth, memecoins and stablecoins still dominate the chain.
The increase in real-world assets on Robinhood Chain suggests a growing interest in tokenized stocks, with larger trading volumes being recorded.