Robinhood Tops Binance bStocks With 862,800 Holders in 2 Months

Key Takeaways

• Robinhood stock tokens hit 862,800 holders, overtaking Binance bStocks two months after launch.
• Robinhood Chain reached $1.7B in daily Uniswap volume and 78.5% of L2 revenue, boosting onchain clout.
• Robinhood’s tokenized equities strategy could deepen its push into onchain finance.

Robinhood Chain Sees Uniswap Volume Reach $1.7B Daily

Robinhood’s crypto strategy is moving well beyond brokerage trading.

In roughly two months, the company has become the largest issuer of tokenized stocks by holder count. Robinhood stock tokens now have about 862,800 holders, surpassing Binance bStocks at 827,200, according to Token Terminal.

That shift is notable because it shows how quickly an established financial platform can gain market share once it combines distribution with onchain infrastructure.

Activity on Robinhood Chain, the company’s Ethereum layer-2 network, is accelerating just as quickly. Daily trading volume on Uniswap’s deployment reached $1.7 billion, roughly 10 times the level seen two weeks earlier. Cumulative Uniswap volume on the network has now exceeded $20 billion.

Robinhood Chain Emerges as a Major L2 Revenue Source

The revenue numbers are even more striking.

Robinhood Chain accounted for 78.5% of layer-2 blockchain revenue over the past 30 days. It generated about $4.6 million in revenue in a single day (Sept. 2), implying an annualized run rate of roughly $1.7 billion if that pace were maintained.