Robinhood Chain's daily average decentralized exchange (DEX) trading volume for stock tokens recorded $29.7 million over the past 7 days, surpassing the combined trading volume of two Solana (SOL)-based stock token trading platforms, The Defiant reported. According to Dune data, during the same period, Kraken's xStocks recorded $11.1 million, and Backpack's Sunrise recorded $13.4 million. The expansion of Robinhood Chain's trading volume came after the automated trading agent Bankr and the token launchpad long.xyz introduced a memecoin issuance function that uses stock tokens as liquidity pairs. As memecoin trading increases, stock tokens deposited in liquidity pools are also counted towards the trading volume. Meanwhile, Binance's BNB Chain-based Bstocks, which currently handles the largest volume of stock token trading in the market, recorded a daily average DEX trading volume of $676.8 million, more than 20 times that of Robinhood Chain.
