Robinhood Chain’s meme‑coin surge amid growing tokenized‑asset trading

Robinhood's four‑week‑old Layer‑2 blockchain, the Robinhood Chain, is experiencing rapid usage. Dune data shows the meme token Cash Cat (CASHCAT) leading with $824.9 million in lifetime volume across 1.37 million transactions, and daily real‑world‑asset (RWA) trading hit a peak of $61.1 million on 23 July. About 75 % of the chain’s fee revenue – roughly $46 million – comes from meme‑coin and tokenized‑stock pairs, while the total RWA value on the network rose to $25.4 million, of which $21.9 million is tokenized equities.

Robinhood is expanding its strategy to three crypto segments: tokenized assets, meme‑coin trading, and prediction markets. The firm is in talks with Crypto.com to enable prediction‑market contracts on its platform and already integrated Kalshi contracts earlier in 2025. Existing prediction‑market partners include ForecastEx (an Interactive Brokers subsidiary) and Rothera, a joint venture with Susquehanna International Group.

Separately, the decentralized protocol 1StepSwap launched on the Robinhood Chain, offering users direct, fee‑free swaps of tokenized real‑world assets and traditional company stocks from their Web3 wallets, with instant execution and best‑price routing.