Altcoins News
By Julie Binoche
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Tokenized Assets Gain Ground Fast. The meme coin side got attention, but the tokenized asset story is arguably more interesting for…
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The Gas Fee Question Looming in Late September. Here's the thing that probably keeps Robinhood's product team up at night.
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Robinhood Chain is making noise. The Ethereum layer-2 network built by Robinhood hit $4.13 million in daily revenue by September 4, less than ten weeks after its mainnet went…
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The numbers are hard to ignore. The network logged $1.878 billion in 24-hour DEX volume and $834.5 million in DeFi deposits around that same early-September mark.
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Cash Cat led early trading before getting overtaken by PONS, the token tied to Pons, a meme coin launchpad built directly on Robinhood Chain.
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The meme coin side got attention, but the tokenized asset story is arguably more interesting for what Robinhood is actually trying to build.
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Robinhood Chain supports what it calls Stock Tokens, instruments that give users exposure to stocks and ETFs without actually granting ownership rights.
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More context: Hargreaves Lansdown Shifts Stance, Now Offers Bitcoin ETNs to Retail Clients
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The network connects with Uniswap as its default exchange, and also works with Morpho and Lighter for trading and DeFi operations.
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Here's the thing that probably keeps Robinhood's product team up at night. The company has been covering gas costs for swaps through its own wallet — a promotion that runs until…
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The gas subsidy has almost certainly inflated activity numbers, at least somewhat. Whether the network's 350,000 addresses and millions of transactions represent sticky users or…
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The network's sequencer orders transactions and posts batches to Ethereum for settlement, keeping fees lower than mainnet while inheriting Ethereum's security guarantees.
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Related: SEC Approves Options for WisdomTrees BTCW, Empowering Institutional Bitcoin Strategies
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Pons, the meme coin launchpad, isn't going anywhere soon. The protocol ranked fourth on DefiLlama by fees on September 3 — that's not a fluke.
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Both things can be true: Robinhood Chain grew fast, and the sustainability question is very much open. Q3 earnings will probably answer part of it.
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