Robinhood Chain RWA Volume Hits Record $390M

Robinhood Chain, an Ethereum Layer 2 network built by the trading platform, recorded a historic high in daily trading volume for tokens linked to real-world assets on September 2, reaching $390 million. The surge was driven by a novel trading pattern that pairs memecoins with tokenized stocks, a category that has rapidly become the dominant source of activity on the network since its launch two months ago. According to data compiled by on-chain researcher Adam Tehc, the record volume was composed of $217 million from memecoin-stock pairs and $127 million from tokenized stocks alone. Both categories achieved their highest daily totals to date. The total market capitalization of tokenized real-world assets on the platform has now surpassed $84 million, a significant increase from approximately $12.8 million in mid-July. The network, which went live on July 1 as an Ethereum Layer 2 solution using Arbitrum's technology, initially positioned tokenized equities as its flagship product. However, trading dynamics quickly evolved. In its first weeks, memecoins dominated decentralized exchange activity, accounting for over 80% of volume according to data from FalconX.