Robinhood Chain activity surges as tokenized assets and meme coins gain traction

Yahoo Finance+1 · 2 days ago
Robinhood Chain activity surges as tokenized assets and meme coins gain traction
  • Robinhood Chain generated roughly $443 million in DEX volume, more than 3 million transactions and over 115,000 active wallets; volume was three times the early-August low near $140 million.
  • The chain's total real-world asset value reached $41.9 million across 202 tokenized assets, while net RWA flows rose to roughly $85 million on Monday from $12.8 million in mid-July.
  • Meme and launchpad tokens led the chain's rally, with CASHCAT reaching a $250 million market cap and PONS rising 30% to $94.9 million, according to the report.
  • Robinhood Chain DEX Arcus launched pTokens, which represent pro-rata ownership stakes in underlying perpetuals accounts at fixed markets and leverage levels.

Quotes

developers built things the company didn't plan for, connecting memecoins, core crypto, and stock tokens into products Robinhood wouldn't have thought to make.Vlad Tenev

Sources