Robinhood Chain surged to the third spot among blockchains by weekly application fees, collecting $25 million in the week ending July 24, trailing only behind Ethereum and Solana. This rapid rise places Robinhood’s blockchain launch among the most impactful in recent history, according to CryptoRank.
While Robinhood initially designed its layer-2 network primarily for trading tokenized real-world assets (RWA), recent trends reveal a shift. Meme coins like Cash Cat (CASHCAT) dominate trading activity, boasting over $824 million in lifetime volume across 1.37 million trades. Tokenized assets are increasing, but often in combination with meme coins rather than independently.
On July 23, daily trading of RWAs peaked at $61.1 million, with pairings between meme coins and tokenized stocks accounting for roughly 75% of this volume, around $46.1 million. The value of RWAs on Robinhood climbed to $25.4 million on July 24, reaching the highest levels since the chain's launch, with tokenized stocks making up the bulk at $21.9 million.
Beyond these sectors, Robinhood is also advancing its presence in prediction markets within its app. Reports indicate ongoing talks between Robinhood and Crypto.com to allow users to trade yes-or-no contracts directly on Robinhood’s platform. This move builds on Robinhood’s existing partnerships with Kalshi, whose contracts it began offering in early 2025, as well as ForecastEx and Rothera, the latter through a joint venture involving Susquehanna International Group.
Despite the discussions, Robinhood emphasized that no agreement has yet been finalized with Crypto.com, and it will continue collaborating with multiple exchanges in this space. Prediction market trading could become another pillar alongside meme coins and tokenized assets as Robinhood diversifies its blockchain ecosystem.
