Composition of that revenue matters more than the headline.
Around 88% of the chain’s app revenue came from just three applications: GMGN, Pons and Uniswap. A large portion of the activity is connected to speculative token trading and launches.
Pons alone reportedly launched around 22,600 tokens on August 30, while the chain processed 5.52M transactions that day.
So yes, the activity is real.
But calling it broad RWA adoption would be premature.
Robinhood Chain is also building an RWA market, with tokenized stocks attracting thousands of holders and the RWA market cap reaching roughly $172M.
The interesting question is whether this activity can evolve beyond memecoin speculation and become sustainable demand for tokenized assets.
Revenue beating #Ethereum is impressive.
But where that revenue comes from is the real story.
#BTC Price Analysis# $ETH
Around 88% of the chain’s app revenue came from just three applications: GMGN, Pons and Uniswap. A large portion of the activity is connected to speculative token trading and launches.
Pons alone reportedly launched around 22,600 tokens on August 30, while the chain processed 5.52M transactions that day.
So yes, the activity is real.
But calling it broad RWA adoption would be premature.
Robinhood Chain is also building an RWA market, with tokenized stocks attracting thousands of holders and the RWA market cap reaching roughly $172M.
The interesting question is whether this activity can evolve beyond memecoin speculation and become sustainable demand for tokenized assets.
Revenue beating #Ethereum is impressive.
But where that revenue comes from is the real story.
#BTC Price Analysis# $ETH
