The company says its advantage lies in bringing retail customers onchain, but early activity remains dominated by memecoins, while its original tokenization vision remains small.
- Robinhood ( HOOD ) says its new blockchain isn't trying to compete with crypto-native trading venues like Hyperliquid — it wants to bring its 27.6 million funded customers into onchain finance for the first time. But the data so far tells a more complicated story.
- Despite generating $878 million in 24-hour DEX volume on July 12 and briefly overtaking Base and Ethereum, the chain's activity has been dominated by memecoin speculation rather than the tokenized stocks and ETFs it was built for.
- Of the $734 million bridged onto the chain, only $211 million is actually deployed in lending or yield products, while the chain's tokenized real-world asset market cap sits at just $12.66 million — dwarfed by CASHCAT, a cat-themed memecoin, which peaked at $156 million.
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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
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