Metric launched a new DEX on Robinhood Chain and BNB Chain with Chainlink Data Streams as its recommended price infrastructure. The launch is interesting because Metric is not approaching tokenized stocks like a normal AMM.

According to Chainlink’s report, Metric is designed to use external, real-time reference prices for assets such as stocks, ETFs and commodities. That creates a different market structure from a pool where the asset price is discovered entirely from current liquidity.

Why does that matter on Robinhood Chain? Tokenized equities can trade around the clock, while the underlying U.S. markets close. During those hours, an AMM can continue moving even though there is no fresh price discovery on the underlying exchange. An external reference feed can reduce that gap, although it does not eliminate the risk of stale prices or thin liquidity.

Metric previously processed more than $5 billion in volume across nine chains in a quarter, according to Chainlink’s launch report. Its DEX is now another piece of infrastructure to watch on Robinhood Chain.

The real test is whether external pricing can support deep RWA liquidity without turning the market into a fragile oracle-dependent system.