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@RobinhoodApp-issued Stock Tokens had $7B in DEX trading volume over the past 30 days.
One of the main drivers is what the asset can do once its onchain.
@NicolaWhite444, VP of Institutional at Robinhood, described on
@_TalkingTokens how Stock Tokens can be more than just a wrapper, and be used for DeFi use cases like collateral or perp trading.
"When people refer to things like stock tokens as a wrapper, I don't think that necessarily gives the entire picture for what they can do.
Being able to use stock tokens as collateral in a perp stack can be quite powerful. It's about building utility that maybe isn't available in traditional finance, and having one single interface where you can seamlessly move your assets around and use them wherever you need to."