Robinhod Chain has attracted $135 million in value and 800,000 addresses since he came online on 1 July, and while its main objective is to monetize stocks, most activities are dominated by memecoins.
The performance of the chain
Robinhod Chain is a second-tier network based on the Ether House, designed to support monetized stocks. Although the chain claims to provide a venue for compliance-compliant monetization of real world assets, the value of its last monetization assets to date is only $12.8 million.
In contrast, the cat theme Memecoin, CASHCAT, rose by 2158 per cent over the past seven days, reaching a market value of $156 million. In contrast, the total value of the chain-based monetized assets was only $12.81 million, of which equities accounted for $1.068 million.
Trade surge
According to CoinDesk, the total lock value of Robinwood Chain has reached approximately $135 million since it went online, seven times greater than the $17 million on 3 July, and ranked third in the turnover of the decentrized exchange.
Despite the strong performance of Robinhod Chain in terms of trade volume, its use of tokenized shares remains negligible. The CEO of Robinhod has stated that monetization of real world assets is the future direction of encryption, but current activities are concentrated on memecoins.
Future outlook
In the coming months, it will be crucial for Robinood to translate speculative demand into the adoption of its monetized stock platform. If the value of the monetization of real world assets exceeds the current $13 million and the memecoin activity declines, perhaps its strategy will work. Otherwise, Robinwood Chain may be exposed to the risk of attracting early speculators but not becoming the financial infrastructure that supports its establishment.