Robinhood Says Stock Token Trading Hits $15B as Chain Passes 100 Days

The notable figure here is not the headline volume but the deposit base sitting alongside it: roughly $1.1bn on Morpho suggests the chain is being used as collateral and lending infrastructure, not just a trading venue. That distinction matters for whether tokenized equities become a durable on-chain asset class or remain a brokerage feature with a crypto wrapper. The open question is whether holder growth and lending activity keep pace with volume, or whether trading stays concentrated among a small set of users.