Woofun AI data shows that the market capitalization of the Robinhood Chain ecosystem token INDEX has surpassed $16 million, currently standing at $16.02 million after doubling in value over the past hour. This rapid appreciation follows a statement from Robinhood CEO Vlad Tenev, who invited developers to "embed stock tokens or RWA into your applications." Additionally, the INDEX project previously announced plans to utilize transaction fees to acquire on-chain stock tokens for distribution to INDEX holders.