Tokenized Stocks Push Robinhood Chain RWA Volume Past $85 Million for the First Time

Real World Asset daily onchain trading volume on Robinhood Chain has hit a new record of $85.1 million yesterday, August 25. Tokenized stocks did bulk of the volume with the Dune dashboard compiled by analyst adam_tehc showing that $66.6 million of volume came from stock trading, $10.4 million from memecoin versus stock pairs, $4.8 million across ETFs and treasuries and the remaining $3.3 million from commodities. The daily number here is only half the story. The other half belongs to who is generating that volume. 

The Memecoin Trade Stopped Carrying the Chain

In late July, just under a month after its mainnet went live, the composition of the daily on robinhood chain looked very different from what it does today. A big share came from memecoin-versus-stock pairs, which is basically traders swapping memecoins with the stock token sitting on the other side of the trade. At its peak on July 26, memecoin x stock pairs were drawing in 73% of the volume. This figure has completely flipped with that category making up 12% yesterday and straight stock trading accounting for 78%.

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