The Block - 2026-08-17 ​
3 items collected.
1. Robinhood Chain TVL surges 45% in August as tokenized RWAs lose ground ​
Author: Ivan Wu and Bryan Samsoedin
Published: 8/17/2026, 10:26:02 PM
Categories: Companies, Crypto Ecosystems, DeFi, Exchanges, Markets, Public Equities, Web3, Robinhood, Tokenization, News
Stablecoin market cap on the chain has reached $640 million, the bulk of which has come from USDe.
2. Tokenized equities triple market share as Ondo, Binance and xStocks dominate ​
Author: Ivan Wu and Bryan Samsoedin
Published: 8/17/2026, 8:55:00 PM
Categories: Crypto Ecosystems, DeFi, Markets, Web3, Tokenization, News
Tokenized stock market share has grown to 15%, up 3x from the start of the year, with the total market cap around $2.8 billion.
3. IREN delivers first of four AI cloud deployments to Microsoft under $9.7 billion deal ​
Author: Kyle Baird
Published: 8/17/2026, 7:54:52 PM
Categories: Companies, Crypto Ecosystems, Crypto Infrastructure, Deals, Markets, Web3, AI, Mining Companies, News
IREN is targeting 480 MW of AI cloud capacity in 2026 and 1.2 gigawatts by 2027 as it continues to pivot away from bitcoin mining.