Robinhood Leads Tokenized Stocks by Holders but Not by Money
Robinhood now leads every tokenized stock platform by holder count, four weeks after launching its own blockchain.
Nonetheless, meme coins, not equities, still dominate the Robinhood Chain. Pons (PONS) has overtaken Cash Cat (CASHCAT) as the network's largest token by market cap.
Robinhood Wins the Holders and Trails on Value
Tokenized equity holders crossed 752,000 in late July, up 92% over 30 days, according to DWF Labs. Robinhood drove most of that growth.
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The platform reached 328,000 holders after launching on July 1, giving it a 44% share. However, the ranking does not hold when it comes to value. Its tokenized stock value sits at $44 million.
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