Is Robinhood making the same ‘memecoin’ bet that made Solana a winner?

ambcryptoPublicado a 2026-07-09Actualizado a 2026-07-09

Resumen

Robinhood CEO Vlad Tenev's promotion of the new Robinhood Chain for memecoin activity has drawn criticism, despite the chain's initial focus on real-world assets (RWA). Critics, including some venture capitalists, question the need for another Ethereum L2. However, memecoins are a major driver of blockchain activity, accounting for 40%-50% of trading volume on chains like Solana and BNB. Following Tenev's viral post, memecoins on Robinhood Chain saw massive price surges (up to 1100%), and the L2's total value locked (TVL) and DEX volumes skyrocketed, growing 10x and 5x respectively in a short period. While this memecoin-driven hype has generated significant initial traction, its sustainability and ability to help Robinhood Chain compete with rivals like Base remain uncertain.

Robinhood CEO Vlad Tenev has sparked mixed community reactions after he pushed the newly launched Ethereum L2, Robinhood Chain, as a great option for memecoin activity. Initially positioned as focused on real-world assets (RWA) tokenization, his openness to trying memecoins was met with strong criticism and little support.

While we’re building Robinhood Chain to be the best chain for RWA ... it works great for memes too.

Some venture capitalists in the sector slammed the move, questioning the viability of another Ethereum L2. Simon Dedic of Moonrock Capital retorted,

Just another L2 that offers no real value over the existing ones is exactly what we were missing. But hey, you can trade memes on it too. Someone tell Vlad it’s not 2024 anymore.

Some even drew comparisons to Coinbase CEO Brian Armstrong, whose centralized platform has been slow to list memecoins. However, for Base, the L2 has been onboarding some memecoins.

For perspective, Solana became a key spotlight at the early stage of this current market cycle because of the memecoin mania, driven by PumpFun.

Unfortunately, retail investors incurred heavy losses, and some became scam victims. Memecoin issuers like Trump-affiliated World Liberty Financial pocketed most of the gains. So, it’s understandable why some hate memecoins.

Can Robinhood L2 dominate memecoin activity?

Still, memecoins command blockchain activity. Besides, they are the best way to gain market share, especially for a new chain like Robinhood Chain.

For perspective, memecoin activity accounts for 40%-50% of the total trading volume across Solana and BNB Chain. Apart from Ethereum, Solana and BNB Chain are some of the top chains by total value locked (TVL).

In fact, Base has also been ranking fourth in terms of memecoin dominance with less than a 2% market share.

In other words, Tenev may be betting on memecoins to catch up with his rivals and has been onboarding even new DEX platforms. Surprisingly, the hype seems to be working, at least after his post went viral.

For example – Cash Cat [CASHCAT] and 4663, two of the memecoins on Robinhoood Chain, have exploded by 1100% and 800% in the last 24 hours as traders rushed to bridge into the L2.

Amid the FOMO, the L2 saw its TVL grow 10x in less than a week from $10M to $105M. Similarly, DEX volumes increased from $10M to $52M, further underscoring the growing traction.

It remains to be seen whether the traction will be sustainable and help rival Base and other top chains.

Final Summary

Robinhood CEO wants its new L2 to dominate RWA and memecoins
Memecoin mania has sparked traction on the Robinhood Chain, driving activity by 10X

Criptos en tendencia

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Preguntas relacionadas

QWhat was Robinhood CEO Vlad Tenev's initial focus for Robinhood Chain, and what additional use did he promote?

AVlad Tenev initially positioned Robinhood Chain to be focused on real-world assets (RWA) tokenization, but he later promoted it as a great option for memecoin activity as well.

QAccording to the article, what was a major criticism from some venture capitalists regarding Robinhood Chain?

ASome venture capitalists criticized Robinhood Chain as being just another Ethereum L2 that offers no real value over existing ones, questioning its viability.

QWhy is the memecoin strategy considered important for new chains like Robinhood Chain, according to the article?

AMemecoins are considered the best way for a new chain to gain market share because they command significant blockchain activity and trading volume, as seen on chains like Solana and BNB Chain.

QWhat evidence does the article provide that the memecoin hype is working for Robinhood Chain?

AThe article provides evidence such as specific memecoins on Robinhood Chain exploding in value by 1100% and 800%, the L2's TVL growing 10x from $10M to $105M, and DEX volumes increasing from $10M to $52M in a short period.

QWhat cautionary example related to memecoins does the article mention from the Solana ecosystem?

AThe article mentions that during the Solana memecoin mania, retail investors incurred heavy losses and some became scam victims, while memecoin issuers like Trump-affiliated World Liberty Financial pocketed most of the gains.

Lecturas Relacionadas

ZORA Plunges 95%, Coinbase Finally Admits Creator Coins Failed

On July 13th, Coinbase CEO Brian Armstrong publicly declared the failure of Base network's year-long "content coins" strategy. Initially launched in 2025 via the Zora platform and integrated into Coinbase's wallet as a core feature, the model aimed to turn every social media post into a tradeable token. Each post or creator account would generate 1 billion ERC-20 tokens, with creators receiving an initial allocation. The concept briefly propelled Base to become the largest L2 by new token issuance. However, the model proved unsustainable. These tokens, explicitly not granting ownership or revenue shares, primarily functioned as speculative assets dependent on new buyers. While activity surged in mid-2025—with millions of tokens minted and billions in trading volume—it failed to build lasting user engagement or value. High-profile token launches, including one by Base's official account, experienced extreme volatility, often crashing shortly after spikes. The supporting infrastructure token, ZORA, plummeted approximately 95% from its August 2025 peak, losing nearly $520 million in market capitalization. Armstrong acknowledged the misstep, stating "it didn't work" and that Base had shifted focus earlier in the year toward its core competencies of trading and stablecoin payments. This pivot follows internal criticism that the content coin experiment consumed excessive resources, harmed other Base projects, and ultimately resulted in significant financial losses for participating users.

Foresight NewsHace 16 min(s)

ZORA Plunges 95%, Coinbase Finally Admits Creator Coins Failed

Foresight NewsHace 16 min(s)

Hyperliquid loses mid-range support as short-term selling pressure builds

Hyperliquid recently hit a record $11.07 billion in total Open Interest on its chain, with HIP-3 markets contributing another high of $3.69 billion. This occurred despite a new Ethereum Layer-2, Robinhood Chain, briefly surpassing it in daily speculative interest, fueled by viral memecoin launches. A higher timeframe analysis shows HYPE maintains a bullish swing structure, having broken past a previous high to reach $76.955. Key Fibonacci levels suggest a long-term "golden pocket" support zone lies between $32.56 and $42.05. However, in the short term, the token is trading within a range of $53.3 to $74.6 and has recently fallen below its mid-range support at $64. Technical indicators like the Chaikin Money Flow (CMF) and MACD signal increasing selling pressure and weakening bullish momentum, suggesting a potential drop toward the range's lower end near $53-$54. While the long-term uptrend appears intact, swing traders are advised to watch for a breakdown of the current range, which could lead to a deeper correction toward $32.

ambcryptoHace 30 min(s)

Hyperliquid loses mid-range support as short-term selling pressure builds

ambcryptoHace 30 min(s)

Uniswap community votes 74% in favor of UNI burn: Will adoption drive token scarcity?

The Uniswap community is voting on a proposal to implement the protocol's first sustained UNI token burn mechanism, with 74% currently in support. The proposal, which involves activating protocol fees on Robinhood Chain and deploying v4, would channel fees into accounts where users can burn UNI. This aims to link UNI's supply directly to protocol usage rather than just governance incentives. With Uniswap generating significant daily and annual protocol revenue, increased trading activity from new deployments like Robinhood Chain could create more opportunities to remove UNI from circulation. While the initial burn rate is modest relative to total supply, the mechanism establishes a long-term connection between usage and token scarcity. The success of this strategy now hinges on user adoption. Robinhood Chain's rapid growth, surpassing $1 billion in swap volume shortly after launch, tests whether Uniswap can expand its user base. Sustained activity on such chains will determine if the burn mechanism can meaningfully strengthen UNI's value by tying it to organic protocol demand.

ambcryptoHace 1 hora(s)

Uniswap community votes 74% in favor of UNI burn: Will adoption drive token scarcity?

ambcryptoHace 1 hora(s)

Bonzo Lend Incident Review: How Did a Zero-Signature Vulnerability Cause the Protocol to Lose $9.05 Million?

The lending protocol Bonzo Lend on Hedera was exploited for $9.05 million due to a zero-signature vulnerability in an oracle verifier. An attacker deposited $250 worth of SAUCE tokens and submitted a manipulated price feed with a zero-valued signature and public key point. The oracle verifier, operated by Supra, incorrectly accepted this invalid cryptographic proof as legitimate because the pairing equation mathematically evaluated to true for these zero/identity inputs. This allowed the attacker to artificially inflate the collateral's value by roughly 12 orders of magnitude and borrow $6.63 million in USDC and 34.5 million wrapped HBAR. A second wallet borrowed ~$1 million during the incident but has since contacted Bonzo, identifying as a whitehat with intent to return funds. Bonzo has paused all operations and withdrawals. Supra has reportedly patched the verifier flaw. The protocol remains in maintenance mode while determining recovery plans, compensation, and withdrawal terms for liquidity providers.

marsbitHace 1 hora(s)

Bonzo Lend Incident Review: How Did a Zero-Signature Vulnerability Cause the Protocol to Lose $9.05 Million?

marsbitHace 1 hora(s)

Semifinal AI Predictions Frenzy: France a Sure Thing? England vs Argentina's Fate Uncertain

"Semi-final AI Prediction Showdown: France Secure, England-Argentina Unpredictable Six AI models (ChatGPT, Claude, Gemini, DeepSeek, Qwen, Grok) previously correctly predicted all four World Cup quarter-final winners. For the semi-finals, their forecasts diverge. In the France vs. Spain match, five AIs predict a French victory with a unanimous 2-1 scoreline. They cite France's threat on the counter-attack against Spain's high defensive line. Only Gemini disagrees, forecasting a 1-1 draw after extra time and a Spanish win on penalties, believing Spain's possession can neutralize France's transitions. The England vs. Argentina match splits opinion evenly. Grok, DeepSeek, and Qwen favor England (with scores of 2-1 or 2-0), emphasizing physicality and set-pieces. ChatGPT, Gemini, and Claude back Argentina. Predictions range from a 2-1 Argentine win in regular time to a 1-1 draw leading to extra time or even penalties, where Argentina's experience is seen as decisive. The models cite fatigue from both teams' taxing quarter-finals as a key factor. The semi-finals present one match with strong AI consensus and another with complete disagreement."

Odaily星球日报Hace 1 hora(s)

Semifinal AI Predictions Frenzy: France a Sure Thing? England vs Argentina's Fate Uncertain

Odaily星球日报Hace 1 hora(s)

Trading

Spot

Artículos destacados

Cómo comprar T

¡Bienvenido a HTX.com! Hemos hecho que comprar Threshold Network Token (T) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Threshold Network Token (T) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Threshold Network Token (T)Después de comprar tu Threshold Network Token (T), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Threshold Network Token (T)Tradear fácilmente con Threshold Network Token (T) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

646 Vistas totalesPublicado en 2024.12.10Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de T (T).