Robinhood Chain: tokenized stocks surged nearly 7x

Robinhood Chain lifted the tokenized stocks sector by nearly 7x in less than a month, and active market capitalization reached $72.68 million as of July 25. This is especially relevant for traders following RWA and for those watching where real demand is flowing in the network.

According to DefiLlama, the figure was only $10.34 million on July 2, then $15.2 million on July 16, and later rose to $72.68 million. The main driver, as stated in the source, is tokenized shares of U.S. companies. Against this backdrop, tokenized stock indices and U.S. government bonds are also available in the network.

Why did tokenized stocks pull the network up so quickly?

The answer is fairly simple. People are entering the network not only for the RWA idea, but for specific names they already know: NVIDIA, SpaceX, and GameStop. These assets currently account for the largest share among tokenized public stocks in Robinhood Chain.

There is another important nuance that is easy to miss. According to Robinhood, the new Stock Tokens do not grant legal or beneficial rights to the underlying shares, because they are tokenized debt securities of Robinhood Assets (Jersey) Limited. They are also unavailable to U.S. residents and residents of some other jurisdictions. In other words, demand is growing, but the product itself works differently from a normal stock purchase. And that is exactly why the network is attracting both speculators and those testing a new model of market access.

What did the first days after mainnet launch show?

At the start, the picture was completely different. According to Bernstein, in the first 7 days Robinhood Chain processed about $3.1 billion in DEX volume, while roughly 65,000 users held $300 million in stablecoins on the network and only $13 million in tokenized stocks. This is a good sign for activity, but also a sign that the network was initially driven not by RWA, but by broader trading and speculation.

“Robinhood Chain is making ~$66M in annualized fee revenue (7DMA) and climbing,” Entropy Advisors noted on July 24, 2026. They also suggested that this network could become Robinhood’s 12th business with annual revenue above $100 million.

At the same time, the network’s infrastructure is also growing. As of July 25, DefiLlama shows DeFi TVL at $327.69 million, stablecoin market capitalization at $481.6 million, daily DEX trading volume at $480.77 million, and total TVL at $969.38 million. Over the past day, users paid nearly $3.93 million in fees, of which more than $2 million came from Uniswap. According to Arkham, the network generated about $350,000 in network fees over 24 hours and ranked 4th among all blockchains by this metric, behind Canton, TRON, and Solana.

• Active capitalization of tokenized assets in Robinhood Chain rose to $72.68 million.

• The starting mark on July 2 was $10.34 million.

• By July 16, the figure had already reached $15.2 million.

• DeFi TVL stands at $327.69 million.

• Daily DEX trading volume is $480.77 million.

• Over one day, the network collected about $350,000 in network fees.

What does this mean for investors?

For investors, the key point is not just that the number has grown. What matters is that the market is starting to show which products in the network have real demand. In the first days, it was memecoins and active trading, and now tokenized stocks, indices, and even U.S. government bonds are in focus. Such a shift often means the network is moving from a loud launch to a more sustainable usage model.

But the risks have not gone away. If assets in the network are growing this fast, that still does not mean demand will be steady every day. The initial imbalance is already visible: Bernstein estimated $3.1 billion in DEX volume in the first week and only $13 million in tokenized stocks. That is why market participants need to look not only at total TVL, but also at what is actually driving it higher. That gives a better picture than a single catchy headline.

It is also worth noting that Robinhood Chain is quickly building out services. Among the notable projects in the network, the source names Morpho, Pons, Index, Meridian Predict, LONG(), Lighter, and Arcus. This is no longer just one product, but a set of different use cases. For Ukrainian traders, the takeaway is simple: if the network continues to hold $400 million plus in daily DEX turnover, tokenized assets could become not a niche story, but a separate segment with its own liquidity.

Frequently asked questions

What exactly grew in Robinhood Chain to $72.68 million?

This refers to the active market capitalization of tokenized assets in the network, primarily tokenized stocks. According to DefiLlama, it was $10.34 million on July 2 and $72.68 million by July 25.

Do tokenized stocks give the same rights as regular stocks?

No. According to Robinhood, these are tokenized debt securities of Robinhood Assets (Jersey) Limited, which provide economic exposure to the underlying shares but do not grant legal or beneficial rights to the shares themselves.

Why did the network gain momentum so quickly?

At first, speculative assets and high DEX volume drove it, and only later did tokenized stocks come into focus. In the first week, Bernstein estimated DEX volume at $3.1 billion, while the network held $300 million in stablecoins and only $13 million in tokenized stocks.

Robinhood Chain now looks like a network where RWA is no longer just for show. If you are following moves in tokenized assets and want to react quickly to such stories, you can sell USDT TRC20 on Monobank without extra steps and in a convenient way.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.