Robinhood Chain launched for RWAs but memecoins took over. A $121M token unlock now looms as the platform sorts out its identity.

Hackers used SpaceX and Starlink X accounts to promote a Robinhood Chain memecoin that hit a $2M market cap before rugging in the chain's chaotic first

Robinhood Chain hit $3.1B in weekly DEX volume and 65K users since its July 1 launch, as the Layer 2 eyes tokenized markets, Bernstein said.

Appetite for meme coins has fueled initial activity on Robinhood chain, helping generate $3.1 billion in DEX volumes in the last week.

Robinhood Chain has pulled in $135 million of value and 800,000 addresses since July 1. Almost none of it is doing what the chain was built for.

Robinhood Chain launched on Arbitrum with 2,100 AI agents deployed, $77M in agent volume, and $1B in DEX trades within its first week.

Robinhood Chain launched on MetaMask with $1B DEX volume, 17M transactions, and 350K wallets in its first week on mainnet.

Robinhood Chain hit 1 million active wallets in two weeks with $3.1B in DEX volume, but memecoins dominate early activity over tokenized stocks.

Robinhood Chain launched for RWAs but memecoins took over. A $121M token unlock now looms as the platform sorts out its identity.