HTX Research: Memecoins Tied to Stock Tokens Emerge on Robinhood Chain
- —Robinhood Chain TVL is $901 million, daily DEX volume $1.73 billion as of September 8
- —Uniswap handles more than 70% of DEX volumes on Robinhood Chain
- —Stock tokens are tokenized debt instruments of Robinhood Assets (Jersey), with no rights to shares
- —HTX Research warns: APY figures like 100,000% are the result of simple annualization
Why it matters: The pairing of tokenized stocks and memecoins creates a new speculative DeFi segment, but the model's sustainability depends on organic volume after incentives wind down.
Source: TokenPost