Robinhood Chain stock-token DEX volume tops combined total of two Solana platforms

Robinhood Chain’s stock-token decentralized exchange volume averaged $29.7 million a day over the past seven days, surpassing the combined volume of two Solana-based stock-token trading platforms, The Defiant reported. According to Dune data, Kraken affiliate xStocks posted $11.1 million over the period, while Backpack’s Sunrise recorded $13.4 million. The increase in Robinhood Chain volume came after automated trading agent Bankr and token launchpad long.xyz introduced a memecoin issuance feature that uses stock tokens as liquidity pairs. As memecoin trading takes place, stock tokens deposited in liquidity pools are also counted toward trading volume. Meanwhile, Binance’s BNB Chain-based Bstocks, which currently handles the largest stock-token trading volume in the market, recorded average daily DEX volume of $676.8 million, more than 20 times Robinhood Chain’s level.