Robinhood Meme Coin Weekly Trading Volume Surpasses Solana, Tokenized Stock Holders Rank First but Asset Size Accounts for Only 1% of Market

According to TechFlow, on July 29, about one month after Robinhood Chain launched, it surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; regarding tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, and BNB Chain ranks third with 214,000.

However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market.

Additionally, Meme coin hype cooled towards the end of the month, with the chain's DEX daily trading volume declining from a peak of $900 million to approximately $500 million.

To date, Robinhood Chain has generated cumulative revenue of about $3 million. On the stock front, institutional analysts such as Bernstein and Goldman Sachs maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside from the current price of $92.7.