Tokenized SPY versions along with Google and Robinhoods own shares sparked a wild surge in on-chain trades lately with data from Token Terminal showing SPY on Robinhood Chain blasting over 1300% higher in 30 days to top a 17.4 million market cap 💀.
SPY rGOOGL and HOODb Lead a Month of Rapid Growth 🌙
Token Terminal dropped fresh stats proving SPYs Robinhood Chain version grew the hardest among tokenized equities climbing 1314% to hit that 17.4 million market cap 🖤. Realitys rGOOGL on Arbitrum followed close with a 530.9% jump to 18.8 million while Binance bStocks HOODb climbed 428.7% landing at 5.7 million.
Check the tweet here
MSTRb from Binance bStocks hit 53.8 million after a 334.6% rise making it the biggest by market cap among the top movers while Robinhoods NVDA pumped 284.4% to 15.2 million 🚀. Other Robinhood plays like SPACEX grew 276.6% to 8.7 million AAPL rose 249.9% reaching 5.6 million and GME gained 219.4% to 3.9 million with tons more tokenized stocks showing at least 50% gains across the board 😈.
Robinhood Chains Momentum Fits a Wider Pattern 💖
Trading tells a tighter tale though with QQQb leading volume over the past 90 days at 4.5 billion ahead of SPYx at 1.5 billion and SPCXb at 1.1 billion 📈. Those three alone made up 7.1 billion or 44.7% of total dex volume in this category out of 15.9 billion overall which itself exploded 1250.8% higher.
Check the tweet here
Robinhood Chain keeps the momentum rolling since its early July drop topping 200 million in total value locked fast with hype around both memes and these tokenized stocks 🦇. Tokenized equities have been the quickest growing category tracked lately expanding from 14 coins to 478 which is over 3300% up beating even real world assets or AI plays. But not everyone is hyped since the IMF flagged risks where tokenization skips settlement buffers that usually let banks catch liquidity issues before they spiral 💉.
Just another echo from the void by iconofsin.eth 💖
