Robinhood Chain ecosystem token INDEX surged in short-term trading, with its market cap breaking through $45 million.

BlockBeats news, September 11th, according to GMGN data, the market cap of INDEX, an ecosystem token of Robinhood Chain, briefly surged past $45 million, with a 24-hour gain of 17.8% and a trading volume of $5.5 million during the same period.

INDEX has been included as a tradable asset on Robinhood, allowing users to trade it directly on the Robinhood App. INDEX (The Index) is an RWA protocol token on Robinhood Chain. After holding a certain amount, the protocol uses 3% of transaction fees to buy a basket of tokenized US stocks (such as AAPL, NVDA, TSLA, etc.), and then automatically airdrops them to holders' wallets every 15 minutes, with no staking or manual claiming required.

BlockBeats reminds users that such tokens are subject to significant price volatility, and investment requires caution.