Robinhood stock tokens overtake Binance bStocks as Chain posts $1.7B daily volume

  • Robinhood stock tokens surpassed Binance bStocks by holder count roughly two months after launch
  • Robinhood Chain recorded $1.7 billion in daily Uniswap volume
  • Robinhood Chain represented 78.5% of Layer 2 revenue over 30 days

Robinhood stock tokens have surpassed Binance bStocks by holder count roughly two months after launch, reaching about 862,800 holders versus 827,200, according to Token Terminal. Robinhood Chain, the company’s Ethereum layer-2 network, also recorded $1.7 billion in daily Uniswap volume, about 10 times its level two weeks earlier, with cumulative volume exceeding $20 billion. The network generated about $4.6 million in revenue on Sept. 2 and represented 78.5% of Layer 2 blockchain revenue over the past 30 days. The figures underscore Robinhood’s expanding role in tokenized equities and onchain finance, while co-founder and CEO Vlad Tenev continues to describe bitcoin as a uniquely established crypto asset and declined to predict whether it will reach $1 million.

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Robinhood stock tokens overtake Binance bStocks as Chain posts $1.7B daily volume - CoinPost Terminal