Robinhood Chain’s 24-hour trading value reached $90.57 million across 200 tokenized securities on Nov. 9, while their combined market capitalization fell, leaving heavier turnover alongside lower reported value.
The snapshot, taken at 7:36 a.m. ET (12:36 UTC), put trading value 218.6% above the previous reading. Combined market capitalization stood at $155.91 million, down 0.8%.
The SPDR S&P 500 ETF (SPY) token led by trading value at $25.54 million. Nvidia (NVDA) followed at $22.21 million, ahead of SpaceX (SPCX) at $11.26 million.
Trading in the Nvidia token was 3.6 times its previous day’s level, although its onchain price fell 5.2%. Its holder-wallet count increased by 157 to 196,774, and its onchain price stood 4.7% below the regular-market reference price. Wallet counts measure addresses, which do not necessarily correspond to individual investors.
Robinhood describes its stock tokens as debt securities that provide exposure to stock and fund prices. Holding one does not confer ownership rights in the underlying stock or fund.
Trading value measures activity over a period, while market capitalization measures the reported value of the tracked assets. An Oct. 20 Robinhood Chain reading showed a similar divergence: trading value rose 54.1% to $104.73 million across 192 assets, while their combined capitalization fell 1.9% to $153.08 million.
