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Robinhood Chain Trading Nearly Doubles as USO Volume Jumps 863%

USO’s token supply increased by 2,597 tokens, while the QQQ wallet count rose to 28,931.

Updated 2 min read
A person checks a smartphone outside an office in Menlo Park, California. / EconoTimes.ai
A person checks a smartphone outside an office in Menlo Park, California. / EconoTimes.ai

Tokenized securities trading on Robinhood Chain accelerated in the latest daily snapshot, with turnover up 97.8% to $64.55 million while combined reported value also rose, data showed.

Robinhood Chain data placed the snapshot at 11:32 UTC on Oct. 26 and covered 193 securities. Their combined capitalization was $156.71 million, a 1% increase from the previous reading. Trading volume measures transactions over the period, while capitalization reflects the securities’ combined reported value.

United States Oil Fund (USO) had $868,097 in 24-hour volume, an 863.3% rise from the previous snapshot. Its token price declined 1.3% to $166.09, and its onchain quote sat 2% below its regular-market reference. Supply added 2,597 tokens, a 27.5% increase worth about $431,406 at the recorded onchain price; the holder count rose by two wallets.

The wallet count for Invesco QQQ (QQQ) climbed by 708 to 28,931. Robinhood Chain data put QQQ’s volume at $7.49 million, 462.6% above the prior reading, while its token price gained 0.1%.

SPDR S&P 500 ETF (SPY) led the tracked securities by volume at $25.05 million, up 118.5%. Nvidia recorded $8.63 million, a 71.3% increase.

Wallet counts also rose for Bloom Energy, Micron, Take-Two Interactive and SanDisk, by 72, 68, 28 and 22, respectively. SPDR Gold ETF lost 141 wallets, Tesla lost 138 and Meta lost 132.

Onchain prices differed from regular-market references for other assets as well. Tesla had a 2% premium and Oracle a 1.7% premium, while Circle and CoreWeave traded at discounts of 3.1% and 2.3%, respectively. SK hynix traded at $140.35 onchain, 2.4% above its reference price.

EconoTimes’ Oct. 20 Robinhood Chain snapshot covered 192 assets and showed $104.73 million in volume, while combined capitalization fell 1.9% to $153.08 million.

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