4/
$LINK
—— Pricing layer’s “water, electricity, and gas”
For on-chain US stocks to be usable as collateral in DeFi, the prices must be trustworthy. This layer is almost monopolized by Chainlink:
Coinbase on the Base chain chose Chainlink as the official oracle infrastructure for its tokenized stocks
When the Robinhood Chain mainnet launched, it announced Chainlink as its cross-chain oracle infrastructure, providing pricing for about 95 tokenized stocks
Chainlink’s Tokenized Equity Feeds specifically addresses the issues of multi-session price aggregation and smoothing, handling the transitions between U.S. stock market open/close/after-hours prices
LINK doesn’t need to bet on which chain or which issuer ultimately outperforms—so long as the overall on-chain U.S. stock market continues to grow, this “sell water” logic holds.
5/
$UNI
—— The invisible champion of the spot trading layer
Uniswap v4 introduced a new hook standard that allows the creation of liquidity pools with access thresholds, enabling tokenized securities to be traded in an AMM in a compliant way
On the Robinhood Chain, Uniswap v4 alone accounts for about 73% of tokenized stock DEX liquidity; when you include v2/v3/UniswapX, the total share is close to 99%
In Q3 2026, the total trading volume for tokenized stock DEXs reached $7.8 billion; Uniswap and PancakeSwap combined accounted for about $5.2 billion
This is also why, after this SEC exemption announcement, UNI reacted the most strongly—Uniswap v4’s Permissioned Pools themselves are a mechanism that restricts trading to addresses that pass identity verification, which almost perfectly matches the SEC’s access model.
$LINK
—— Pricing layer’s “water, electricity, and gas”
For on-chain US stocks to be usable as collateral in DeFi, the prices must be trustworthy. This layer is almost monopolized by Chainlink:
Coinbase on the Base chain chose Chainlink as the official oracle infrastructure for its tokenized stocks
When the Robinhood Chain mainnet launched, it announced Chainlink as its cross-chain oracle infrastructure, providing pricing for about 95 tokenized stocks
Chainlink’s Tokenized Equity Feeds specifically addresses the issues of multi-session price aggregation and smoothing, handling the transitions between U.S. stock market open/close/after-hours prices
LINK doesn’t need to bet on which chain or which issuer ultimately outperforms—so long as the overall on-chain U.S. stock market continues to grow, this “sell water” logic holds.
5/
$UNI
—— The invisible champion of the spot trading layer
Uniswap v4 introduced a new hook standard that allows the creation of liquidity pools with access thresholds, enabling tokenized securities to be traded in an AMM in a compliant way
On the Robinhood Chain, Uniswap v4 alone accounts for about 73% of tokenized stock DEX liquidity; when you include v2/v3/UniswapX, the total share is close to 99%
In Q3 2026, the total trading volume for tokenized stock DEXs reached $7.8 billion; Uniswap and PancakeSwap combined accounted for about $5.2 billion
This is also why, after this SEC exemption announcement, UNI reacted the most strongly—Uniswap v4’s Permissioned Pools themselves are a mechanism that restricts trading to addresses that pass identity verification, which almost perfectly matches the SEC’s access model.