🔥 22,600 Tokens in a Day. That's How Robinhood Chain 2x'd $ETH
Robinhood Chain was built to take Wall Street onchain. Its biggest day so far looked more like a memecoin casino.
Apps on the network earned $2.66M in 24 hours; roughly twice Ethereum; while activity hit 5.52M transactions and $875M in DEX volume.
What was everyone trading? Mostly tokens created minutes earlier.
Pons launched around 22,600 tokens in one day. Pons and GMGN generated close to $2M of app revenue, with Uniswap adding another $307K.
Together, those three produced about 88% of the total.
That makes the headline less simple than it sounds. This was app revenue, not $2.66M pocketed by Robinhood; and Robinhood Chain is itself an ETH L2.
Still, the demand is real. Memes are doing what tokenized stocks haven’t done yet: bringing users, fees and liquidity at speed.
Robinhood built the rails for stocks. Crypto traders stress-tested them with memes first.
Smart bootstrapping; or the wrong kind of product-market fit? #BTC Price Analysis# #Macro Insights# #Altcoin Season# #ETH
Robinhood Chain was built to take Wall Street onchain. Its biggest day so far looked more like a memecoin casino.
Apps on the network earned $2.66M in 24 hours; roughly twice Ethereum; while activity hit 5.52M transactions and $875M in DEX volume.
What was everyone trading? Mostly tokens created minutes earlier.
Pons launched around 22,600 tokens in one day. Pons and GMGN generated close to $2M of app revenue, with Uniswap adding another $307K.
Together, those three produced about 88% of the total.
That makes the headline less simple than it sounds. This was app revenue, not $2.66M pocketed by Robinhood; and Robinhood Chain is itself an ETH L2.
Still, the demand is real. Memes are doing what tokenized stocks haven’t done yet: bringing users, fees and liquidity at speed.
Robinhood built the rails for stocks. Crypto traders stress-tested them with memes first.
Smart bootstrapping; or the wrong kind of product-market fit? #BTC Price Analysis# #Macro Insights# #Altcoin Season# #ETH