Uniswap tokenized stock volume on Robinhood Chain hits $1B

Uniswap’s combined tokenized-stock trading volume on Robinhood Chain has reached $1 billion for the first time, according to protocol founder Hayden Adams. Summary Uniswap has processed $1 billion in combined stock-token volume on Robinhood Chain. Hayden Adams expects the trading total to eventually reach $1 trillion. Robinhood Chain launched on July 1 with Uniswap as its main public automated market maker. Robinhood Stock Tokens remain unavailable to investors in the United States. Uniswap founder Hayden Adams announced the milestone in an Aug. 22 X post, adding that he expects trading volume for the assets to eventually reach $1 trillion. The $1 billion figure covers cumulative swaps involving multiple tokenized stocks rather than one token or a measure of deposited assets. Uniswap said earlier this week that stock-token volume had reached $638.5 million, indicating that activity has continued to rise since the previous update. Adams did not provide a timeframe for his $1 trillion projection. The forecast would require tokenized-stock trading on Robinhood Chain to grow one thousandfold from the latest milestone. Uniswap stock-token volume has climbed since July Robinhood Chain op...