Robinhood put stocks on a permissionless blockchain- memecoin traders are stress-testing what happens next
Memecoins paired against Robinhood's tokenized stocks generated $217 million of trading volume on Robinhood Chain on Sept. 2, according to data compiled by on-chain researcher Adam Tehc. The volume outpaced the $127 million that traded through direct stock token markets that same day. Traders are using tokenized Nvidia or Hims & Hers shares as the […] The post Robinhood put stocks on a permissionless blockchain- memecoin traders are stress-testing what happens next appeared first on CryptoSlate.
Key Takeaways
- Memecoins paired against Robinhood's tokenized stocks generated $217 million of trading volume on Robinhood Chain on Sept.
- 2, according to data compiled by on-chain researcher Adam Tehc.
- The volume outpaced the $127 million that traded through direct stock token markets that same day.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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