Robinhood Chain has started to produce more than meme coins. In a market note published by MarsBit, blocmates author Emiri, in a Chinese translation by TechFlow, reviewed 15 utility-focused protocols that have shown up on the chain over the past few weeks and argued that attention is beginning to move back toward products with actual functions.
The piece opens with a blunt take on the past two years in crypto: once something started rising, many participants assumed it was just another meme coin. The author ties that fatigue to rug pulls, relentless dumping, influencer scams, insider games, bundled manipulation and waves of nearly identical tickers built around the same meme. Robinhood Chain still has its own meme segment, including CASHCAT and stock-paired tokens aimed at short-squeeze narratives, but the article says a more functional set of projects has also emerged.
Emiri sums up the setup this way: interesting tech, attention and liquidity are the ingredients behind success and strong price action. The article repeatedly says it is not investment advice.
Names the article treats as established players
Before getting into the main list, the piece briefly points to several projects that it says are already well known on Robinhood Chain.
- PONS: described as the leading native launchpad, with a market cap that at one point came close to $900 million.
- AI: presented as the leading token in the current MemeFi narrative. It is paired with tokenized NVDA, and 80% of the buy fee is used to purchase NVDA shares for the community treasury.
- CASHCAT: not framed as a utility project, but still called the leading meme coin on Robinhood.
The article also references an earlier note by blocmates chief researcher @563defi, published about two months ago before the latest Robinhood surge. That earlier watchlist included:
- Index: an onchain index-fund style product using Uniswap V4 hooks to divert part of INDEX/WETH trading flow into a basket of tokenized equities including NVDA, AAPL and MSFT, giving crypto wallets passive stock exposure.
- SLVR: one of the earliest mining protocols on Robinhood Chain. The token is down 66% from its high, but the project turned mining into a gamified 5x5 grid lottery.
- Arcus: a joint venture between Robinhood and dYdX. It is an exchange for tokenized stocks and cryptocurrencies, with both spot and derivatives, now in public testnet.
- Rialto: a propAMM-based exchange for spot trading of any onchain asset, focused on best execution.
15 utility-oriented protocols highlighted in the report
1. Longdotxyz (@longdotxyz)
Long is a launchpad that pairs meme coins with tokenized stocks. The article notes that AI, the token paired with NVDA, was launched through Long.
It also lists several standout examples:
- BONER: paired with HIMS and said to have reached an all-time high of $80 million. The piece adds that HIMS' CEO followed the @bonercoinlong account.
- MEME: paired with AMC, while Robinhood CEO Vlad followed @amemecoinrh.
- NUDES: paired with SNAP.
- MOO: paired with MU, with the article pointing to the meme link in the similar pronunciation.
2. Netnet (@NetNetCap)
For readers who remember Olympus DAO and the OHM (3,3) era, Netnet is presented as a familiar design. The article describes it as a revised OHM-style model without a policy committee, with the key rules and parameters hard-coded onchain. It acts as the reserve asset manager for the NET token.
Netnet is the sole minter of NET. Users can buy NET through bonds paid in USDG, with the USDG moving into the treasury and NET sold at a discount. The treasury tracks two central figures: RFV, or risk-free value, and NAV, the backing value per token.
The reserves are held in USDG. Idle USDG can be deployed into Morpho to earn yield, capped at 70% of the treasury, while the remaining 30% stays liquid for bond redemptions and buybacks.
On top of that, the article says, the protocol adds a game layer built around tokenized-stock casino mechanics. Emiri describes the structure as an Olympus-style reserve token underneath and a revenue-and-attention engine above it, calling the concept "RW-play."
3. Longbow (@longbowlend)
Longbow calls itself the credit layer of Robinhood Chain. In practical terms, the article says, it works like a standard overcollateralized DeFi money market.
Users can lend out USDG and earn interest paid by borrowers. More notably, they can also borrow against any asset on Robinhood Chain, including meme coins, RWA tokens and tokenized stocks.
The protocol's BOW token can be staked. Stakers receive USDG from protocol revenue and also get borrow rebates and deposit boosts.
4. Twofold (@twofoldfi)
Twofold is built around Uniswap V4's DualPool design and aims to let the same dollar earn in two places at once: lending yield and DEX fees.
The article uses a simple example. In a standard setup, a user puts $100 into a liquidity pool and earns trading fees. Twofold instead places that same $100 in a lending vault run by @Steakhousefi. When a trade comes in, the capital temporarily leaves the lending vault, provides liquidity for the swap, collects DEX fees and then returns to the vault to keep earning lending yield.
The protocol also has a TWO token. Part of pool profits flows into the TWO staking vault and is shared with stakers.
5. Mancer (@MancerXYZ)
Mancer is described as a DEX aggregator with a much heavier toolset. The article points to a clean interface combined with features such as limit orders, take-profit and stop-loss functions, recurring buys and other trading tools.
Its main attraction, according to the piece, is a routing engine designed to secure the best execution price.
Mancer also has an NFT layer and a token. Mancer NFTs are priced in MANCER. To qualify for a share of protocol revenue, a user needs an activated Mancer NFT, and activation requires burning MANCER.
6. Quotron (@Quotrons404)
Quotron combines tokenized stocks, NFTs and deflationary token mechanics into what the article calls an unusual system.
There are 4,444 Quotron NFTs. Each NFT acts as its own terminal and keeps accumulating tokenized stocks, creating a form of passive income for the holder, but only after activation.
To hardwire, or create, a Quotron terminal, a user must burn 1 QUOTRON token. Once burned, that token never returns to circulation. The article frames this as a choice between buying QUOTRON to trade it or buying it to commit long term and earn on an ongoing basis.
7. Hookr (@Hookrfun)
Hookr is a launch platform built with Uniswap V4 hooks, allowing creators to issue tokens with rules written directly into the pool itself.
Those rules can include anti-sniping protections, surge fee settings, auto-burn logic and different LP reward styles.
HOOKR is tied directly to the platform. The article gives it two functions. Trading fees from ETH-paired launches issued through Hookr are routed into the protocol and used to buy back and burn HOOKR. Creators can also pair their own token with HOOKR to avoid protocol fees.
8. Fables (@fablesfi)
Fables is a DEX built with Uniswap V4 hooks and designed for more efficient trading in tokenized stocks.
The article says tokenized equity prices, volumes and trading activity depend heavily on whether the stock market is open or closed. Fables responds with a dynamic fee model instead of a flat 0.3% fee.
When stock prices are moving higher or volume is expanding, fees rise to compensate LPs. When activity cools down, fees move lower again.
The protocol currently has a token called PROLOGUE. The article describes it as a placeholder token ahead of the full governance token launch, with holders able to exchange PROLOGUE 1:1 for the future governance token.
9. Statics (@StaticsProtocol)
Statics is presented as an all-in-one financial infrastructure layer on Robinhood Chain. Its core design lets users package several tokens into a fixed basket, then trade that basket, borrow against it and earn fees from it.
The article gives an example of a basket containing NVDA, AMC, APPL and MSFT, represented by a single BasketToken.
On top of that, Statics includes basket-backed borrowing, a stablecoin called USDstx and products for sharing leveraged risk.
STATICS is the staking and rewards token. It can be staked into a Position NFT, and users can choose which reward asset they want to receive.
The article also says Statics has 5,555 Operators NFTs. These are described as reserve-backed access and reward NFTs. Each circulating Operator represents total backing of 180,000 STATICS and can be activated to raise its reward multiplier.
10. Arrow Finance (@ArrowFinanceio)
Arrow Finance is another all-in-one DeFi application in the list. It includes a lending module, a launchpad called ArrowPad and an aggregator for swapping any asset at the best available price.
Within lending, users can post crypto assets or tokenized stocks as collateral to borrow aUSD.
The native token is ARROW, and its governance power comes from locking it into veARROW. According to the article, veARROW holders can vote on:
- which assets can be used as collateral
- LTV ratios
- liquidation parameters
- fees
- how the surplus buffer is used
- oracle configuration
11. Shroom (@shroom_network)
Shroom is described as a liquidity layer for Robinhood Chain. Instead of building another DEX, it uses its native token SHROOM to provide the liquidity itself and pairs SHROOM with a broad set of tokenized stocks.
The protocol collects fees from those LP positions and automatically compounds them to deepen liquidity further.
The long-term idea, according to the article, is for SHROOM to represent protocol-owned liquidity across all tokenized stocks on Robinhood Chain.
SHROOM holders also receive periodic MU stock rewards. The article adds that part of protocol revenue is ultimately intended to be used for SHROOM buybacks and burns.
12. Clutch Markets (@ClutchMarkets)
The focus here is a product called Stonkbroker, which the article says has been picking up momentum quickly.
At its core are 4,444 ERC-6551 NFTs. Each one functions like a small onchain brokerage account with its own wallet. The account comes preloaded with randomly assigned tokenized stocks, and the NFT can also be used as collateral for borrowing.
To earn more stocks, users need to activate the "clock in" system, which requires paying an activation fee in STONKBROKER.
STONKBROKER is also used for:
- buying and selling Brokers on Anvil
- paying activation fees
- participating in the StonkBrokers ecosystem
- providing liquidity
- interacting with Clutch financial products
The article lists a larger product suite around it:
- StonkBrokers: NFT-plus-token stock wallets
- Anvil: NFT AMM, trading and lending
- Clock In: tokenized stock rewards
- Safety Deposit Box: LP locking
- Broker Box: tokenized stock lottery and gacha mechanics
- Stonk Launcher: token launchpad
- Stonk Exchange: vDEX trading venue
- Leverage Machine: leveraged products
13. Orbio (@orbiodotso)
Orbio brings an AI angle to the list. The article says a user can access models on OpenRouter with a single API key.
It also functions as a market for AI credits, letting users trade credits they do not consume.
The token at the center is ORBIO. Holding ORBIO allows users to earn AI credits. Holding at least 1,000 ORBIO also qualifies a user to receive a share of fees generated from ORBIO trading.
Each ORBIO trade carries a 1.5% fee, and 50% of that fee is converted into OpenRouter credits for eligible holders. The article notes that this means 0.75% of trading volume is effectively turned into AI credits.
Emiri sums up the model as a credit marketplace paired with a token that turns trading fees into AI-compute subscriptions.
14. Earn (@EARNONHOOD)
Earn is built around one idea: tokenized stocks should generate yield. Users keep their stock exposure while earning an additional return on top of the position.
The article uses NVDA as an example. Users deposit NVDA and USDG into a managed liquidity vault. A smart system then moves liquidity toward whichever pool is offering the best return. The holder keeps stock exposure while the protocol manages liquidity and harvests yield.
15. Pare (@PareStocks)
Pare is framed as a Pendle-like competitor on Robinhood Chain, but with a different object of separation. Instead of splitting token yield, it splits a single tokenized stock into two claims: the stock itself and its future dividends.
The article uses one tokenized AAPL as the example. Under normal conditions, that token carries both price exposure to AAPL and dividend exposure. Pare breaks it into:
- pAAPL: the stock itself
- yAAPL: future dividends
The two pieces can be merged back into 1 AAPL token at any time.
That opens up more targeted strategies. A user who only wants discounted stock exposure can buy pAAPL. A user who only wants dividend exposure can buy yAAPL.
To make this work, the article says, Pare uses a distinct oracle system that separates stock splits from dividend events when handling the multiplier logic behind tokenized equities. Protocol fees are ultimately used to buy back and burn PARE.
How the article closes
The piece ends by saying things are moving fast enough that some notable projects may have been missed and could be added in a later version.
The broader point, in the author's view, is that Robinhood Chain is showing signs of renewed product building instead of forcing users to keep rolling the dice on heavily manipulated meme coins. Whether that lasts is still an open question, the article says, but demand for these kinds of tools appears real and still not fully met.
The note closes with the same warning it carried throughout: do your own research and stay safe. It also states that blocmates produced the analysis in collaboration with Plasma and that all material was compiled from public information and public documentation.