Robinhood Tops Binance bStocks With 862,800 Holders in 2 Months

Robinhood Chain Sees Uniswap Volume Reach $1.7B Daily

Robinhood’s crypto strategy is moving good beyond brokerage trading.

In astir 2 months, the institution has go the largest issuer of tokenized stocks by holder count. Robinhood banal tokens present person astir 862,800 holders, surpassing Binance bStocks astatine 827,200, according to Token Terminal.

That displacement is notable due to the fact that it shows however rapidly an established fiscal level tin summation marketplace stock erstwhile it combines organisation with onchain infrastructure.

Source: Token Terminal

Activity connected Robinhood Chain, the company’s Ethereum layer-2 network, is accelerating conscionable arsenic quickly. Daily trading measurement connected Uniswap’s deployment reached $1.7 billion, astir 10 times the level seen 2 weeks earlier. Cumulative Uniswap measurement connected the web has present exceeded $20 billion.

Robinhood Chain Emerges arsenic a Major L2 Revenue Source

The gross numbers are adjacent much striking.

Robinhood Chain accounted for 78.5% of layer-2 blockchain gross implicit the past 30 days. It generated astir $4.6 cardinal successful gross successful a azygous time (Sept. 2), implying an annualized tally complaint of astir $1.7 cardinal if that gait were maintained.

For a web launched lone 2 months ago, the standard is significant.

Source: Token Terminal (Sept. 2)

The maturation besides reflects a broader displacement successful crypto. Tokenized equities are becoming 1 of the clearest bridges betwixt accepted concern and blockchain markets, giving investors entree to acquainted assets with 24-hour trading and onchain settlement.

Robinhood’s vantage is distribution. It already has a ample idiosyncratic base, and its tokenized banal concern gives those customers a nonstop way into blockchain-based markets without starting from scratch connected a crypto-native platform.

Vlad Tenev Remains Bullish connected Bitcoin

Robinhood co-founder and CEO Vlad Tenev remains arsenic bullish connected bitcoin, adjacent arsenic the institution expands into tokenized stocks and different crypto products.

In an interrogation with The Iced Coffee Hour, Tenev described bitcoin arsenic hard to replicate due to the fact that of its past and brand.

“Bitcoin is singular successful a batch of ways, which makes it special,” helium said. “You tin make tons of Bitcoin imitators, but cipher tin ever instrumentality the presumption of being the archetypal and astir trusted.”

Tenev besides called Bitcoin the “original meme coin” and said it remains the superior crypto plus companies see erstwhile gathering treasury strategies. Long-term, Tenev remains bullish connected bitcoin, stopping abbreviated of making a bitcoin terms prediction, saying helium could not accidental whether it would scope $1 million.

The bigger communicative is that Robinhood is present gathering astir some sides of the market: bitcoin arsenic a semipermanent crypto asset, and tokenized securities arsenic the infrastructure furniture that whitethorn propulsion much traditional concern onchain.