The average daily trading volume of Robinhood Chain tokenized stock DEX surpasses Solana's two major platforms, and meme coin pairs drive growth

According to Dune panel data maintained by the OKX Web3 wallet team, the average daily trading volume of Robinhood Chain's tokenized stock DEX reached 29.7 million US dollars over the past 7 days, which is more than the sum of xStocks ($11.1 million) and Backpack Sunrise ($13.4 million) on Solana. The main reason for the increase is that launch platforms such as Bankr and long.xyz have allowed users to issue memes with tokenized stocks as liquidity pairs since mid-July, covering more than 90 stock symbols. Meme coin transactions incidental to generating stock token trading volume, while locking stock tokens in liquidity pools.

The most traded tokenized stock on the chain is Nvidia ($13.9 million in daily trading volume), followed by SpaceX ($6.2 million) and Apple ($4.5 million). Daily active tokenized stock traders peaked at over 20,000 in the week of July 20, the highest of all stock token platforms.

However, Binance's bStocks average daily trading volume on BNB Chain reached $676.8 million, more than 20 times that of Robinhood. Tokenized stocks still only account for a small portion of Robinhood Chain's total DEX trading volume, and most on-chain activity is still dominated by memes such as CASHCAT.