Robinhood has continued to maintain a strong record in its onchain performance as the new blockchain still retains momentum amid active usage in the RWA ecosystem.
While momentum remains strong, Robinhood has continued to see an impressive surge in its RWA transfer volume per the latest data from the Real-World Asset Foundation.
Robinhood hits $1.6 billion milestone
Per the data, Robinhood’s RWA transfer volume has surged massively to $1.65 billion, marking an explosive increase of 3,201.20% over the last month.
While the four-digit surge in the metric is significant for the platform, it represents the rapid growth in the value of RWA transfers taking place through Robinhood.
Compared to its previous record of about $800 million as of late July, the monthly transfer volume is now sitting at around $1.65 billion as of Monday, August 10.
The massive increase within just about two weeks signals Robinhood’s unprecedented growth in activity and the sustained momentum surrounding the Robinhood Chain.
Robinhood expands access to the UK
While Robinhood has continued to gain a strong foothold across the crypto ecosystem, it is also moving closer to becoming a global crypto trading platform.
Just recently, Robinhood launched its crypto trading services in the UK, expanding its commission-free crypto trading services to the country through Bitstamp.
Following the development, crypto users in the UK will be able to access Robinhood’s crypto offerings, including Bitcoin, Ethereum, XRP, Hyperliquid, and other listed tokens.
Also, they will be able to utilize Robinhood’s existing stocks and shares ISAs, equities, options, and futures products, all on the same platform.
