Robinhood Tops Binance bStocks With 862,800 Holders in Two Months

Robinhood has become the largest issuer of tokenized stock tokens by holder count just two months after launching its on‑chain offerings. The platform now reports about 862,800 holders of its stock tokens, surpassing Binance’s bStocks, which have roughly 827,200 holders.

Rapid Growth of Tokenized Equities

The surge reflects Robinhood’s ability to combine its existing retail distribution with a dedicated layer‑2 blockchain, Robinhood Chain. Tokenized equities provide investors with 24‑hour trading and on‑chain settlement while retaining exposure to familiar underlying assets.

Robinhood Chain Activity

Activity on Robinhood Chain’s Ethereum layer‑2 network has accelerated sharply. Daily Uniswap volume on the network reached $1.7 billion, about ten times the level recorded two weeks earlier, and cumulative volume now exceeds $20 billion.

Revenue from the layer‑2 network is also notable. Over the past 30 days, Robinhood Chain accounted for 78.5 % of layer‑2 blockchain revenue, generating roughly $4.6 million in a single day (Sept. 2). At that rate, annualized revenue would approach $1.7 billion.

Leadership Perspective

Co‑founder and CEO Vlad Tenev reiterated a bullish stance on Bitcoin, describing it as “singular” and the “original meme coin.” He emphasized Bitcoin’s role as a core crypto asset for corporate treasury strategies, while noting that Robinhood’s tokenized stock business aims to bring more traditional finance participants on‑chain.

Implications

The data suggests that a well‑established brokerage can quickly capture market share in the tokenized equity space when paired with robust on‑chain infrastructure. The growth of Robinhood Chain also highlights the expanding relevance of layer‑2 solutions for decentralized finance activity.