Gate has added FATCOIN, SHROOM and STONKS perpetual contract trading to its Robinhood and Meme contract zones, according to an official announcement cited by Odaily. The contracts are settled in USDT and support leverage ranging from 1x to 10x. At the same time, the exchange also rolled out trading bot and copy trading support for all three contracts. The update covers live perpetual contract trading for the three tokens and expands the related trading tools available on the platform. No other listing details were disclosed in the announcement provided.

SHROOM, a meme coin on Robinhood Chain, climbed to roughly $44 million in market capitalization just days after its first liquidity pool launched on Sept. 2. At its peak, the token reached about $58.33 million, while its main trading pool posted a 442% gain over 24 hours, according to the source article citing DexScreener data. The token was trading at $0.0432, and combined 24-hour volume across 30 pools stood at about $25.59 million. On-chain data in the report says SHROOM’s contract name is MUSHROOM, with a fixed supply of 1 billion tokens. So far, 12,682,719 tokens have been sent to a burn address, equal to 1.268% of supply. The project describes itself as a liquidity network for stock tokens, pairing SHROOM with assets such as Micron (MU), NVIDIA (NVDA), Microsoft (MSFT), Coinbase (COIN), GameStop (GME), AMC, Eli Lilly (LLY), Hims & Hers (HIMS), GLD, along with USDG and ETH. The report also says holders receive periodic MU rewards, with 251 MU already distributed by Pons. Based on Micron’s Sept. 4 close of $1,016.59, that amount was worth about $255,000. DexScreener showed around $2.92 million in liquidity across 30 pools, while the project website listed $4.04 million in TVL across 142 pools.

GMGN market data showed on Sept. 5 that SHROOM, a meme coin tied to the Robinhood ecosystem, briefly pushed its market capitalization above $35 million after rising more than 340% in 24 hours. Trading volume over the same period reached $10.5 million. According to the project description cited in the report, SHROOM is designed to build a liquidity network for tokenized stocks. The protocol pairs SHROOM with stock tokens and other assets through protocol-owned liquidity pools, currently around 53 in total, to enable routed token swaps. It collects fees from trading activity and price volatility across those paired assets, including deviations from off-chain real-world prices, and automatically reinvests those fees to deepen liquidity. The report also said SHROOM holders can periodically receive MU rewards, with 228 MU distributed so far by Pons. Once liquidity reaches a critical scale, excess fees are intended to be used to buy back and burn SHROOM on the market, reducing supply. BlockBeats added a risk warning that most meme coins lack practical use cases and can be highly volatile.