Robinhood Chain stock-token DEX volume tops Solana rivals as memecoin features drive activity

BitcoinWorld Robinhood Chain stock-token DEX volume tops Solana rivals as memecoin features drive activity Robinhood Chain’s stock-token decentralized exchange has recorded an average daily trading volume of $29.7 million over the past seven days, surpassing the combined volume of two prominent Solana-based stock-token platforms, according to data from The Defiant and Dune Analytics.

Volume surge driven by memecoin features Over the same period, Kraken affiliate xStocks posted $11.1 million in daily volume, while Backpack’s Sunrise recorded $13.4 million. The combined total of both Solana-based platforms falls short of Robinhood Chain’s recent activity.

The increase follows the introduction of a memecoin issuance feature by automated trading agent Bankr and token launchpad long.xyz, which uses stock tokens as liquidity pairs.

As memecoin trading takes place, stock tokens deposited in liquidity pools are also counted toward trading volume, inflating the DEX metrics.