Core concepts
Two instruments, one listing
Every tokenized stock in this terminal is two things at once. Understanding which half a figure describes is the difference between reading the market and misreading it.
The two sources
The listing feed prices the token on Robinhood Chain: the registry of what is listed, each pool’s last quoted price, its session open, high, low and change, and the price series behind every chart.
The reference source describes the underlying share on its US exchange: market capitalisation, shares traded today and on a 30-session average, whether that exchange is open, the last reported quarter and the next scheduled one, published headlines, and full OHLCV bars at daily, hourly and minute granularity.
| Figure | Belongs to | Notes |
|---|---|---|
| price | Listing | Close of the listing's own price series — the number every chart, range and change is computed from. |
| pool_quote | Listing | What the on-chain pool last quoted. Moves only when someone trades against that pool. |
| session volume | Share | Shares traded on the US exchange. No source carries pool volume for any listing. |
| market cap | Share | The company's capitalisation, not the token's. |
| earnings, news | Share | Corporate disclosure and published commentary about the company. |
| RSI, MACD, ATR | Share | Computed from the share's OHLCV bars. They describe the share, not the pool. |
Why the halves drift apart
The share trades during exchange hours and stops. The token can be quoted at any hour, but its quote only updates when the pool is traded against. Outside market hours both sides go stale in different ways: the share’s price is a settled close, and the pool’s is whatever the last swap left behind.
- A heavily traded listing tracks its share closely — measured across sixty listings, the most liquid sat within a hundredth of a percent.
- A thin listing drifts arbitrarily far. In the same measurement the median gap was 0.78%, 43% of listings sat more than 1% away, and the tail ran to multiples of the share price.
- The size of the gap therefore describes the pool’s activity, not the instrument’s value.
Reading the premiumcovers this in full.
What this means in practice
When the terminal reports a company’s volume, that is the share’s liquidity, not the pool’s — and it is the pool you would transact against. When it reports a technical indicator, that indicator was computed from the share’s bars. The agent states this boundary whenever a reader might act on the figure, and so does this documentation.