TREE NEWS reports: Robinhood Chain has reached $3.15 billion in bridge TVL and $931.3 million in DeFi TVL, ranking 10th on both metrics and 13th by stablecoin market cap at $1.06 billion, 11 weeks after launch. Tokenized equities on the chain total $81 million, just 0.03% of Robinhood’s equity book assets and 3.2% of the $2.55 billion global tokenized stock market. Dragonfly managing partner Haseeb Qureshi said the chain’s higher gas limit and lower fees, which cut chain revenue while DEX volumes held, reflect a long-term RWA strategy.
Robinhood Chain Tops $3.15B Bridge TVL, 10th Among Chains, 11 Weeks After Launch
AI take
The striking detail is the gap between infrastructure traction and asset adoption: a top-10 chain by bridge and DeFi TVL, yet tokenized equities sit at a rounding error against Robinhood's broader equity book. That suggests the early activity is liquidity and incentive-driven rather than genuine demand for tokenized stocks. Qureshi's read — deliberately trading chain revenue for positioning in RWAs — frames the next phase as a distribution question, not a technology one. Whether tokenized equities close any of that gap is the open question.
Generated by AI for reference only.
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