Robinhood Meme coin’s weekly trading volume surpasses Solana; tokenized stock holders rank first, but their asset size accounts for only 1% of the market.

Deep Tide TechFlow message: On July 29, about a month after the launch on the Robinhood Chain, it has already surpassed Solana on two metrics—Meme coin trading volume and the number of holders of tokenized stocks. On-chain data shows that Robinhood Launchpad’s weekly trading volume reached $1.23 billion, marking its first time surpassing Solana’s core Meme coin platform PumpSwap at $1.22 billion. In terms of tokenized stock asset holders, Robinhood Chain led with 330k users, followed closely by Solana with 281k, while BNB Chain ranked third with 214k users.

However, having more holders has not translated into an advantage in asset size—Robinhood Chain’s share in the tokenized stocks market worth over $2 billion is only about 1%.

In addition, Meme coin hype cooled somewhat by the end of the month. The chain’s DEX daily trading volume has fallen from a peak of $900 million to about $500 million.

So far, Robinhood Chain’s cumulative revenue is about $3 million. On the stock side, analysts at institutions such as Bernstein and Goldman Sachs have maintained bullish expectations for HOOD stock, with a target price of $122, offering about 31% upside from the current price of $92.7.