Data: The market capitalization of Robinhood Chain token INDEX has surpassed 16 million USD, doubling in nearly 1 hour

According to GMGN market information, the market capitalization of the Robinhood Chain ecosystem token INDEX has surpassed 16 million USD, currently reported at 16.02 million USD, doubling in the last hour. The opportunity that drove the short-term surge of this token may be the latest statement from Robinhood CEO Vlad Tenev, who said, "We welcome developers to embed stock tokens or RWA into your applications."

Previously, the INDEX project stated that it would use trading fees to purchase on-chain stock tokens and distribute them to INDEX holding addresses.