The Index ($INDEX) protocol, built on the Robinhood Chain, converts a 3% fee collected on each transaction into Stock Tokens of Apple, Nvidia and Alphabet, distributed every 15 minutes to holders. The project has generated approximately $1.42 million in cumulative fees, with $1.24 million allocated to holders and roughly $286,000 over the last 30 days. The market cap of INDEX currently ranges between $17 and $19 million. This original mechanism, which relies on purchasing real assets rather than staking, illustrates the convergence between DeFi and traditional financial markets on the Robinhood Chain.
Source: Read the original article
