Three tickers, half the volume: 39 listings sat out the week
Three tickers took 52 percent of the week's volume on Robinhood Chain, and 39 of the 196 listings did not trade at all.
Robinhood Chain carried 196 tokenized equity listings this week, of which 157 traded at least $1.0k in the past 24 hours and 39 did not trade at all. Turnover across the board was $241.7m in that window. The tokens on the chain are worth $63.2m in total, and that figure is the value of the tokens themselves, not of the companies behind them. Apple on this chain is a few million dollars of paper, not a few trillion.
The week's shape is set by three tickers. SPY, NVDA and GME together took $126.9m, which is 52 percent of all 24-hour volume. SPY alone did $67.4m, NVDA $43.7m and GME $15.8m. Below them, HIMS at $15.0m and SPCX at $13.0m round out the five busiest listings. Everything else on the board, 191 listings, shares what is left.
The board widened
Our own daily record of the board had 57 listings trading on 26 August against $91.3m of 24-hour volume. On 31 August the same count read 98 trading and $194.1m. That is a broader board and a heavier one on the same measure, five days apart. The record runs six days, which is short enough that it describes this week and nothing more.
The movers, and what they are not
The seven-day price moves at the top of the range are extreme: INOD +1940.5%, AEHR +1093.7%, CRWD +952.7%, CLS +863.0% and UMC +860.9%. These are moves in the token price on the chain, and they belong to listings that actually traded, so they are not stale quotes ticking over on no volume. They are also not the underlying shares. A four-figure percentage on a thin book says more about the book than about the company, and none of these names appears among the five busiest listings.
The downside was mild by comparison. P (Everpure) fell 16.7 percent, LUNR 15.6 percent, CCL 14.7 percent, OUST 13.1 percent and PL 12.0 percent. Nothing on the losing side of the week approached the scale of the gains, which is what a market looks like when a small number of listings get bought hard and the rest drift.
What the numbers do not show
The 39 quiet listings are the plainest fact on the board. They are listed, they are quotable, and in 24 hours not one of them cleared $1.0k. The $1.0k floor is low, and clearing it is not the same as being liquid: a listing that traded $1.2k sits in the same 157 as SPY at $67.4m. The concentration figure is the honest summary. Half the market is three tickers, and the tail is long and mostly still. For what these instruments are and are not, see our explainer and the full board.
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