Robinhood Chain生态速览：哪些项目值得提前布局？

marsbitPublicado a 2026-07-06Actualizado a 2026-07-06

Resumen

Robinhood Chain作为Robinhood进军Layer2的核心，旨在构建覆盖股票代币、RWA、永续合约和现货交易的完整生态。主网上线后同步开启了为期90天的Gas费减免活动。截至2026年7月6日，其生态总锁仓价值约为7673万美元。本文梳理了生态内值得关注的部分项目： **Arcus**：由dYdX Labs与Robinhood Crypto联合构建的DEX，专注现货和永续合约，促进股票代币的点对点交易，其未来代币将优先分配给dYdX社区成员。 **Lighter**：一个ZK驱动的去中心化永续和现货交易所，已部署在Robinhood Chain上，并为Robinhood社区提供了价值1100万美元的代币激励计划。 **Morpho**：支持Robinhood Earn功能，用户可通过自托管钱包借出稳定币USDG获取收益，资金会存入Morpho金库进行分配。 **Rialto**：一个链上现货交易所，支持加密资产、股票、ETF等多种资产，初期将上线90多种Robinhood股票代币，其核心采用propAMM（使用自有库存和定价逻辑的链上做市商）模式。 **Arrakis**：面向代币发行方的非托管链上做市商协议，帮助管理DEX上的集中流动性。 **Meridian**：专注于RWA的永续合约和预测市场平台，结算资产为USDe，其前身为Ethereal。 **Native**：一个链上价格发现和执行系统，已部署至Robinhood Chain，该项目表示目前没有代币发行计划。（请注意：本文内容不构成任何投资建议，参与者应自行研究并评估风险。）

原文作者:KarenZ,Foresight News

作为 Robinhood 进军 Layer2 的核心「战场」,Robinhood Chain 正在快速构建一个覆盖股票代币、RWA、永续合约和现货交易的完整生态。

2026 年 7 月 2 日,Robinhood Chain 在上线主网的同时,还同步开启了为期 90 天的 Gas 费减免活动,覆盖兑换、跨链以及 Perp 交易等场景。

截至 2026 年 7 月 6 日,Robinhood Chain 上线仅 4 天,生态 TVL 仍不算高,约为 7673 万美元。本文将梳理其中值得重点关注的项目及潜在机会。

来源:Dune 仪表板(Entropy Advisors)

需要注意的是,本文不构成任何投资和交互建议。所有参与者都应自行研究,DYOR,并在充分评估自身风险承受能力后再做出任何操作。

Arcus

Arcus 是由 dYdX Labs 与 Robinhood Crypto 联合构建的股票代币和加密货币 DEX,专注现货和永续合约,促进 Robinhood Chain 上股票代币的点对点交易。

dYdX 在官宣 Arcus 时表示,未来一部分 Arcus 代币将分配给 dYdX 社区。The Defiant 也报道,Arcus 代币将优先分配给在 dYdX 平台上进行交易、质押或验证的用户,在代币发行时优先考虑现有 dYdX 社区成员。

延伸阅读:《dYdX 换马甲再创业,这次联手 Robinhood 能成吗?》

Lighter

Lighter 是一个 ZK 驱动的去中心化永续和现货交易所,已部署在 Robinhood Chain 上。Robinhood Wallet 用户现在可以通过 Lighter 直接交易永续合约和股票代币。

据 Bankless 报道,Lighter 已承诺向 Robinhood 社区投入 1100 万美元等值 LIT:用户在 Lighter 上交易永续合约可赚取积分(通过 Robinhood 钱包交易可获 2 倍积分,通过 Lighter 网页应用可获 1 倍),积分可直接兑换为 LIT(受 Lighter 条款约束)。

延伸阅读:《与 Robinhood 一起跑马圈地,Lighter 正在下一盘大棋?》

Morpho

Robinhood 正逐步向符合条件的美国用户推出 Robinhood Earn,允许用户通过自托管钱包借出稳定币 USDG。Robinhood 预计年化收益率为 7%。

通过 Robinhood Earn 提供的 USDG 会存入 Morpho 金库,并在 Morpho 市场中进行分配。借款人提供来自 Spark、 Ethena 和 Maple 等协议的抵押品来借入 USDG,收益则来自他们支付的利息。

Rialto

Rialto 是在与 Robinhood Crypto、Offchain 和 Arbitrum 合作的背景下走到台前的,是一个链上现货交易所,支持加密资产、股票、ETF 和商品等资产类型。

Rialto 初期将上线 90 多种 Robinhood 股票代币以及 Robinhood Chain 上的主要加密资产。

用户发起订单后,Rialto 会向所有候选流动性来源请求该订单规模下的实时报价,包括 propAMM 和传统 DEX 池,随后按扣除网络成本后的净输出排序。这里的核心是 propAMM。Rialto 对 propAMM 的定义是:使用自有库存和自有定价逻辑报价的链上做市商。

Arrakis

Arrakis 是一款面向代币发行方的非托管链上做市商协议,通过自托管财库管理 DEX 上的集中流动性:发行方拥有金库及其中的资产,Arrakis 则在发行方设定的参数范围内运行做市策略。

2022 年 12 月份,Arrakis Finance 以 SAFT(未来代币简单协议)形式完成 400 万美元种子轮融资,Uniswap Labs Ventures、Accel、Polygon Ventures 和 Robot Ventures 等参投。

Meridian

Meridian 是一个 Robinhood Chain 生态永专注于 RWA 续合约和预测市场平台,结算资产为 USDe。

值得一提的是,Meridian 前身为 Ethereal,在 2026 年 5 月更名为 Meridian,从早期可能更通用的衍生品 / 交易基础设施,逐步聚焦 RWA + 预测市场 + 永续合约。

在 2024 年 11 月份,Ethereal 当时表示,把未来所有 Ethereal 治理代币的 15% 分配给 ENA (sENA) 质押者。

Native

Native 是一个链上价格发现和执行系统,在 7 月 2 日已部署至 Robinhood Chain 上。Native 此前已支持以太坊、BNB Chain、Arbitrum、Base 等网络。

Native 在 7 月 2 日回复社区疑问时表示,「当前没有代币发行计划,但是会珍惜每一位支持者。」

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Preguntas relacionadas

QRobinhood Chain上线主网后开启了什么活动？

ARobinhood Chain在上线主网的同时，同步开启了为期90天的Gas费减免活动，覆盖兑换、跨链以及永续合约交易等场景。

QArcus项目的主要特点是什么？

AArcus是由dYdX Labs与Robinhood Crypto联合构建的、专注现货和永续合约的股票代币和加密货币DEX。其特点是促进Robinhood Chain上股票代币的点对点交易，并计划将部分代币优先分配给dYdX社区成员。

QLighter项目承诺为Robinhood社区提供什么激励？

ALighter已承诺向Robinhood社区投入1100万美元等值的LIT代币作为激励。用户在Lighter上交易永续合约可赚取积分（通过Robinhood钱包交易可获得双倍积分），积分可直接兑换为LIT代币。

QRialto交易所的核心特点是什么？

ARialto是一个支持加密资产、股票、ETF和商品等资产的链上现货交易所。其核心特点是采用了一种名为“propAMM”的做市机制，即由使用自有库存和自有定价逻辑报价的链上做市商来提供流动性。

QMeridian平台专注于哪类资产和市场？

AMeridian是一个专注于RWA（现实世界资产）永续合约和预测市场的平台，其结算资产为USDe。

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