Robinhood’s blockchain network, launched on July 1, has reached a market cap of assets of approximately $1.87 to $1.94 billion less than a month after launch. Stablecoins account for the bulk of this value, with $928 to $965 million, while tokenized assets (194 stocks and ETFs) reach $143 to $149 million. The value of tokenized equities grew fivefold in July to reach approximately $70 million. The protocol totals $1.41 billion in total value locked, with key protocols like Morpho, Uniswap, and Ethena already in place. This rapid growth suggests that Robinhood’s existing user base of millions of users provides an integrated distribution channel for the network.
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