A blockchain built for tokenized stocks just made more daily app revenue than Ethereum… thanks to memecoins. Honestly, that wasn’t the outcome I expected. Robinhood Chain was supposed to bring a more familiar version of traditional markets onchain, with tokenized stocks as one of its main narratives. But right now, the activity generating attention and revenue seems to be coming from somewhere much more chaotic: memecoins. And maybe that’s exactly what makes this interesting. I don’t think one strong day of revenue means Robinhood Chain has suddenly replaced Ethereum or proven that the long-term RWA narrative is already winning. Ethereum still has a much larger and more established ecosystem, and a single 24-hour snapshot can look very different from the bigger picture. But I also wouldn’t ignore what’s happening. Memecoins are clearly acting as an onboarding mechanism, bringing traders, liquidity, and attention to a chain that was originally designed around tokenized assets. If even a small portion of that activity eventually moves into tokenized stocks and other RWAs, the speculation could end up building something more durable underneath. That’s the part I’m watching. Is this just another chain having its “hot memecoin moment”? Or are memes doing what serious financial products often struggle to do — bringing retail users onchain first, before they discover everything else waiting there? For now, I’d call it a very interesting experiment rather than a proven success.