Robinhood Chain leads global markets, RWA adoption surges

TLDR: RWA adoption drives record growth in major blockchains

RWA adoption reshapes transaction demand on Hyperliquid

The adoption of RWA (real-world assets) accelerated as the number of global holders grew 190.9% year-on-year to 1.09 million. At the same time, the value of tokenized assets on Ethereum has exceeded US$17 billion.

Robinhood Chain's monthly growth rate is as high as 11,416.2%, and its RWA holders also exceed 244,000. Although Meme still dominates its decentralized exchange (DEX) trading volume, this growth momentum remains significant.

Hyperliquid's weekly trading volume of RWA contracts reached US$25.1 billion, accounting for 52% of the decentralized exchange's total trading volume.

Tokenized treasury bonds on Avalanche increased by 68% to US$842 million. At the same time, Solana, BNB Chain and other smaller networks are also expanding their market share.

RWA's adoption on major blockchain networks is accelerating as tokenized assets set new records in value, number of holders and transaction activity. The value of tokenized real-world assets on Ethereum has exceeded $17 billion, while Solana has reached a record high of $3.4 billion. The number of RWA holders increased by 190.9% year-on-year, from 375,000 to 1.09 million. In June, monthly transfers of tokenized stocks also reached $9 billion.

Robinhood Chain experienced the fastest monthly growth, while Avalanche's tokenized bond market expanded further.

RWA adoption drives record growth in major blockchains

Robinhood Chain's tokenized asset value led the month-on-month growth, surging 11,416.2% to US$323.7 million. The network also has more than 244,000 RWA holders, demonstrating the rapidly growing demand for blockchain-based versions of traditional assets. Its initial growth was mainly driven by Meme coins and stablecoins, rather than tokenized stocks.

Source: X

Since then, online activity has gradually returned to Robinhood's original tokenization strategy. According to DefiLlama, the current active market value of real-world assets is close to $70 million. Daily trading volume of tokenized GameStop shares reached $26.6 million. Nvidia shares reached $14 million, while SpaceX shares recorded $6.4 million. There are currently 12 tokenized stocks with daily trading volumes exceeding $500,000.

Robinhood Chain's total decentralized exchange (DEX) activity is still much larger. Its daily trading volume of DEX has exceeded US$600 million, while the daily trading volume of tokenized stocks is approximately US$55 million. Meme coins still occupy a prominent position in popular markets, and stablecoins remain the network's largest asset class. Even so, RWA adoption is gaining measurable market share.

Ethereum remains the leading blockchain for tokenized assets, with a value on the chain exceeding US$17 billion. It also controls 62.2% of the tokenized ETF market, which has reached a record market value of $526.4 million. Solana's tokenized RWA value climbed to a record high of $3.4 billion, intensifying competition among high-throughput networks.

Avalanche also recorded broad growth. Its total RWA market value increased 22.6% to US$2.5 billion. Tokenized U.S. Treasuries rose 68% to $842 million in 30 days. BNB Chain increased by 16.5% to US$9.2 billion. Networks such as Cardano, Tempo, Monad, Plume, Sonic, Fraxtal and TON also recorded monthly increases.

RWA adoption reshapes trading demand on Hyperliquid

RWA adoption is also changing the activity landscape on decentralized derivatives platforms. For the first time, real-world asset markets have become the largest trading category on Hyperliquid. From July 13 to July 19, RWA-related contracts generated US$25.1 billion in trading volume. This accounted for 52% of the platform's $48.2 billion in weekly transactions.

Tokenized stocks, indices and commodities attract more trading volume than all other categories combined. Individual stocks account for 61% of RWA's trading volume. This shift suggests that traders are using decentralized infrastructure to trade assets other than crypto-native tokens. These assets include links to listed companies, traditional finance and global markets.

The broader market also recorded strong expansion at the product level. Onre Finance's distribution value increased 21% to $234 million, while ONYC's number of holders increased 10% to 7,382. Chainlink CCIP distribution reached US$400 million for the month, an increase of 69%, highlighting the growing demand for cross-chain settlement and asset flow.

RWA.xyz added multiple products this week, including Mobilization Advance Program One from Hashfire. Newly launched Midas products include Fasanara Global Open, Hyperithm BTC, mAPOLLO and mHYPER. These new products broaden the range of tokenized credit, digital assets and investment products available through on-chain markets.

Lorenzo Valente, director of digital assets research at ARK Invest, described this shift as a new stage of decentralized finance. Circle co-founder Jeremy Allaire also sees tokenized assets as a structural market change. Continued adoption of RWA will depend on liquidity, regulatory, custody standards and the continued needs of institutional and retail users. At present, trusteeship standards are still uneven.