Trading in tokenized Amazon and Meta shares accelerated on Robinhood Chain on Oct. 20, while the market value of the tracked assets declined, leaving trading activity and capitalization moving in opposite directions.
Robinhood Chain data showed 24-hour volume across 192 assets totaled $104.73 million, a 54.1% increase from the previous reading. Combined onchain market capitalization slipped 1.9% to $153.08 million. The measures capture different things: turnover tracks trades during the period, while capitalization reflects the reported value of the assets.
For Amazon, the chain logged $1.24 million in 24-hour turnover, 3.8 times the prior reading. At 6:33 a.m. ET (10:33 UTC) Tuesday, Oct. 20, its token was priced at $262.60, up 4.1%. Meta posted $4.69 million in trades over 24 hours, 5.5 times its earlier level.
SPDR S&P 500 ETF led all tracked assets with $25.94 million in turnover. Nvidia recorded $18.28 million and SpaceX $16.11 million. SPDR Gold Shares had $5.56 million, ahead of Meta.
Take-Two Interactive's volume was 3.2 times its earlier reading; Amazon's was 3.8 times and Meta's 5.5 times. Johnson & Johnson rose to 6.6 times its prior level, while Exxon Mobil's 46.6-times reading was the strongest increase.
The total number of holder wallets stood at 1,548,011. Meta added 389 wallets and SPDR Gold Shares 396; larger increases came from Palantir at 400, Take-Two Interactive at 409 and Strategy at 427. Wallet counts fell by 148 for Microsoft, 235 for SPDR S&P 500 ETF and 429 for Apple.
In a separate Oct. 15 snapshot, Alibaba tokenized-stock volume reached $4.42 million as its onchain value declined 3.2%, according to EconoTimes' earlier coverage.
