Robinhood Chain has crossed $4 million in daily revenue just two months after launch, according to a TechFlowPost article by 100y_eth that was translated by AididiaoJP for Foresight News. The piece says that puts the network at roughly twice Hyperliquid’s level and about five to six times that of TRON and Solana. It also says Robinhood Chain now accounts for two-thirds of total Ethereum layer-2 revenue.
The article’s main point is that the chain’s rise does not resemble the usual public-blockchain playbook.
A growth path that runs in reverse
Most blockchain ecosystems have tended to expand in a familiar sequence, the author wrote. They usually begin with basic DeFi infrastructure such as decentralized exchanges and lending markets. Then come flagship NFT projects. After that, ecosystems add depth through incentive programs and hackathons that bring in more native, non-financial applications. Retail-led speculative assets, especially meme coins, often gather speed later, while RWA and institutional DeFi are generally treated as the next step once growth starts to level off.
Robinhood Chain, the article argues, has done nearly the opposite. Its core identity is built around stock tokens. The project’s website, as cited in the piece, makes that explicit. On day one, Robinhood Chain supported stock-token issuance while also integrating base DeFi protocols including Uniswap and Morpho.
Meme coins became the real trigger
The article says the network’s early period was relatively quiet. The real spark came from meme coins. But the key development was not CashCat. While CashCat did draw attention in the beginning, the author says it did not move far beyond meme-coin patterns already seen elsewhere.
The shift came from how pairs were structured. On most chains, meme coins are paired with native crypto assets such as ETH or SOL. Robinhood Chain changed that model. Starting with LONG, launch platforms including Pons (@ponsdotfamily) began allowing meme coins to launch directly against stock tokens.
That brought two very different asset classes into the same market. According to the article, the structure caught on quickly. At one point, Pons generated more daily revenue than Hyperliquid and Pump.fun. Token prices climbed sharply, and attention rose with them.
New mechanics followed. One example cited in the article is that holding a specific meme coin could qualify users for stock-token airdrops. The author describes that phase as the moment the ecosystem fully broke open.
Why the model worked, according to the article
The piece gives four reasons Robinhood Chain was able to invert the standard chain-growth script.
- Stock tokens were there from the start. The author says many traditional chains leave RWA until later, in part because the sector only became mainstream in recent years. Robinhood Chain launched later and supported stock tokens from day one, making them a base layer for ecosystem growth rather than a feature added at the end.
- Robinhood’s brand fits the behavior it is seeing. The article says that even though Robinhood is a traditional finance company, its brand has long been tied to retail traders and degen culture. It points to GameStop, options trading, crypto and meme stocks as examples of major U.S. retail speculation waves in which Robinhood sat near the center. In that context, pairing stock tokens with meme coins looks less unusual. The article frames it as an onchain version of meme-stock culture, rebuilt through meme-coin and stock-token trading pairs.
- Users and liquidity already existed. New chains often need to recruit developers, hand out incentives and then work to attract users. Robinhood, the article says, starts from a different position. It already has tens of millions of users, stocks are a familiar asset class for that audience, and Robinhood itself provides a large distribution channel. On other chains, apps often have to bring users in themselves. On Robinhood Chain, apps can build around users and assets that are already there.
- It can reuse existing infrastructure. Robinhood does not need to build everything from scratch, the article says. Proven DeFi protocols such as Uniswap and Morpho already exist, and developers can rely on the EVM tool stack that is already widely used. Infrastructure layers that took other chains years to assemble were available to Robinhood Chain from the outset.
What comes next
The article says Robinhood Chain is now following a growth trajectory the market has rarely seen before. For now, meme coins have pulled a large amount of liquidity onchain.
The next question, the author writes, is how long that meme-driven demand can hold. If the frenzy fades, the more important issue will be whether Robinhood Chain can keep that liquidity in place and give useful native projects room to emerge from within the ecosystem.
The byline listed in the source names 100y_eth as the writer and AididiaoJP as the translator.