# Robinhood Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Robinhood", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Kerbrat from Robinhood Promotes Tokenization While Memecoins Dominate Its Tokenless L2

Robinhood Crypto's senior vice president, Johann Kerbrat, has emphasized the company's focus on building the technical network infrastructure for tokenization, calling it "just the beginning," rather than on launching tokens. The centerpiece is Robinhood Chain, a tokenless, EVM-compatible layer-2 network built on Arbitrum technology, which settles on Ethereum and uses ETH for gas fees. The network's primary offering is stock tokens, providing 24/7 blockchain-based exposure to companies like Nvidia and Apple for users outside the U.S., though these tokens confer no legal shareholder rights. Despite its focus on tokenized real-world assets (RWAs), currently valued at around $12.81 million, memecoins overwhelmingly dominate trading volume on Robinhood Chain. Research indicates over 99% of trading volume comes from memecoins, with the network's mascot-inspired token, $CASHCAT, surging over 5,500% in a week. Kerbrat, who recently called assets without utility "not a long-term purpose," acknowledged the chain is also "great for memes." The network has seen significant growth since launch. DeFiLlama data shows a Total Value Locked (TVL) of approximately $536 million, a stablecoin market cap of around $634 million, and 24-hour DEX trading volume of about $440 million. Notably, Ethena's USDe stablecoin has grown to constitute nearly 43% of the network's stablecoins. In mid-July, the chain was processing over 7 million daily transactions, surpassing Coinbase's Base. Robinhood is currently covering gas fees for eligible wallet users on swaps, bridges, and perps, but this subsidy is set to end in September. Separately, Robinhood reported Q2 cryptocurrency transaction revenue of $100 million, a 38% year-over-year decline, while its prediction markets generated $156 million, exceeding crypto revenue for the first time.

cryptonews.ruYesterday 20:08

Kerbrat from Robinhood Promotes Tokenization While Memecoins Dominate Its Tokenless L2

cryptonews.ruYesterday 20:08

Remember NFTs? New Project's Price Has Surpassed Bored Apes

Remember NFTs? On the Robinhood blockchain, new projects are now surpassing the price of Bored Ape Yacht Club (BAYC). The recent catalyst was an interaction on X between Robinhood CEO Vlad Tenev and digital artist Beeple, which boosted the floor price of the 'Cash Cat' NFT series. Meanwhile, the leading NFT collection on the chain, 'StonkBroker', saw its floor price exceed 13 ETH (~$25,000), briefly giving it a higher single-NFT price and a total market cap surpassing $100 million, exceeding older blue-chip NFTs like Pudgy Penguins. The article identifies three main categories of Robinhood NFTs gaining attention: 1. **Meme Coin Companions:** NFTs linked to successful meme coins, like Cash Cat (tied to $CASHCAT). Their value is heavily dependent on the performance and community acceptance of the related token. 2. **The StonkBroker Ecosystem:** High-floor-price projects like Chain Mancers and Yardkeepers, which are endorsed by and integrated with the StonkBroker protocol. They follow a "token + NFT" model where NFTs promise future utility or revenue sharing from the projects being built. 3. **Established Creators' New Ventures:** Veteran NFT founders and artists, such as a former Pudgy Penguins co-founder and creators from other ecosystems, are launching new collections on Robinhood, leveraging their existing reputations and communities. The author notes that while there is renewed interest, true momentum for a sustained NFT wave on Robinhood requires further catalysts. Key challenges include lower liquidity compared to meme coins, making large positions riskier, and the need for a breakout project that isn't solely reliant on the current token-NFT hybrid model. The conclusion is that the Robinhood NFT scene shows promise but is still in an early, observatory phase.

marsbit08/14 03:56

Remember NFTs? New Project's Price Has Surpassed Bored Apes

marsbit08/14 03:56

The Return of NFT Summer: Which Projects on Robinhood Chain Are Worth Focusing On?

**Summary: "NFT Summer Returns – Which Robinhood Chain Projects Deserve Attention?"** Following the meme coin trend, NFTs are emerging as the new speculative focus on Robinhood Chain. The recent NFT surge gained traction with **StonkBrokers**, a pixel-style "stockbroker" PFP collection of 4,444 NFTs, whose floor price briefly surpassed 13 ETH. The hype significantly amplified with the launch of **Spritehood Wisps** by former Pudgy Penguins co-founder Cole Villemain. This 44,444-item fantasy RPG-inspired collection sold out in under an hour, generating approximately $1.28 million. The article highlights key projects driving this wave: **Already Minted Projects:** * **StonkBrokers**: ERC-6551 NFTs pre-loaded with tokenized stocks, offering rewards based on activation levels with its native token, $STONKBROKER. Floor: ~11.98 ETH. * **Spritehood Wisps**: "Wisp" NFTs that can later be burned to summon customizable Sprite characters. Floor: ~0.0125 ETH. * **Cash Cats**: A 10k PFP collection capitalizing on the popularity of the $CASHCAT meme coin. Floor: ~0.26 ETH. * **Chain Mancers**: A 5k PFP project where each NFT is tied to 500k $MANCER tokens, offering a share of protocol fees. Floor: ~0.9 ETH. **Upcoming Projects (Not Yet Minted):** * **The Saudis**: A revival of a popular 2022 pixel-art project, planning a 5,555-item collection on Robinhood Chain. Whitelist requires holding an original NFT. * **bolds**: A potential "pure art" PFP collection from artist boldleonidas, emphasizing "no utility, anti-hype." * **Chog**: The mascot of the Monad ecosystem, planning a free NFT mint on Robinhood Chain this month, with whitelist tied to holding $CHOG tokens. * **Pizza Ninjas**: An established Bitcoin Ordinals project hinting at a potential new series on Robinhood Chain. The trend underscores renewed creator and investor interest in NFTs, fueled by Robinhood Chain's growing ecosystem.

Odaily星球日报08/14 02:46

The Return of NFT Summer: Which Projects on Robinhood Chain Are Worth Focusing On?

Odaily星球日报08/14 02:46

Tokenized US Treasuries Lose Momentum, Equity Tokenization Becomes New Frontier in RWA

Tokenized U.S. Treasuries, once a major driver in the RWA market, have plateaued around $15 billion. Meanwhile, the tokenized stock market is rapidly expanding, growing 6.5x to approximately $1.9 billion since early 2025, attracting diverse players. The SEC's recent classification framework identifies four key tokenized security structures, applicable to stocks: 1. **Issuer-Sponsored:** Companies tokenize their own shares directly, preserving full shareholder rights but with stricter compliance (e.g., Securitize). 2. **Custodial:** A third party tokenizes securities held by a custodian like DTCC, also inheriting rights but reliant on traditional infrastructure (e.g., DTCC's pilot, Ondo's recent IVV tokenization). 3. **Linked Security:** A third party issues tokenized debt securities backed by the underlying stock, offering high on-chain flexibility but no voting rights (e.g., Ondo, xStocks, Robinhood's new Stock Tokens). 4. **Security-Based Swap:** Tokenized derivatives contracts providing synthetic exposure (e.g., Robinhood's earlier Classic Stock Tokens). Major players are pursuing different strategies. **Securitize** uses the issuer-sponsored model for full compliance. **Ondo** and **xStocks** leverage the linked security structure for wider accessibility and DeFi integration, though it fragments liquidity and excludes U.S. investors. **Robinhood** has shifted to a linked security model, aiming to leverage its user base and new blockchain. Traditional infrastructure giants like **DTCC**, the **NYSE**, and **Nasdaq** are piloting tokenization to enhance efficiency. **Coinbase** has announced plans for tokenized stocks accessible on-chain but not to U.S. customers, suggesting a potential linked security approach. The convergence of crypto-native platforms, fintech firms, and traditional financial infrastructure on tokenized stocks highlights its potential as the next major catalyst for the RWA sector. Key developments to watch include evolving regulatory frameworks and their impact on the competitive landscape.

marsbit08/11 10:29

Tokenized US Treasuries Lose Momentum, Equity Tokenization Becomes New Frontier in RWA

marsbit08/11 10:29

Hardcore Research Report: After a Stunning Debut, A Frame-by-Frame Breakdown of Robinhood Chain's Revenue Potential

**Summary: The Revenue Potential of Robinhood Chain vs. Its Declining Core Crypto Business** A detailed analysis of Robinhood's crypto trajectory reveals a stark contrast: while the company's overall revenue hit a record high of $1.31B in Q2 2026, its crypto-specific business is in sharp decline. Crypto revenue fell 38% year-over-year to $100M, now constituting only 8% of total revenue. Retail crypto trading volume and the share of crypto in customer assets also dropped to multi-year lows. In this context, Robinhood Chain, the company's newly launched Layer 2 blockchain, represents a major strategic bet. Its launch was notably strong, generating $3.6M in Real Economic Value (REV) in July 2026, or 38% of all tracked L2 revenue that month—surpassing established networks like Polygon and Base. However, this early activity was heavily driven by meme coins (51% of spot volume), not the chain's stated focus on Real World Assets (RWAs), which accounted for only 5%. The report argues that Robinhood Chain's infrastructure-layer revenue alone is insufficient to meaningfully revive the crypto division. The entire L2 revenue market is structurally shrinking and too small. Robinhood's clearest monetization path lies at the application layer: 1. **USDG Stablecoin:** Robinhood's native stablecoin could generate significant interest income. At a current $333M supply (assuming a 3.5% yield), it represents ~$10.5M in annualized revenue. Scaling USDG to $1B+ would create a substantial, durable income stream. 2. **Application Distribution:** Robinhood's main app holds immense distribution value. Evidence suggests protocols like Morpho pay for integration, driving significant user deposits. In contrast, distribution via the standalone Robinhood Wallet has shown limited value so far. The known, quantifiable revenue streams from Robinhood Chain (chain REV, USDG interest, shared Lighter fees) total ~$54.8M annualized—only about 14% of Robinhood's annualized crypto revenue. The conclusion is that for Robinhood Chain to become a meaningful growth driver, Robinhood must successfully commercialize its application-layer advantages—primarily by scaling USDG and monetizing its main app's user reach—or use the chain as a funnel into its higher-value traditional products. Based on current data, the chain is not yet a significant contributor to company profits.

marsbit08/11 03:12

Hardcore Research Report: After a Stunning Debut, A Frame-by-Frame Breakdown of Robinhood Chain's Revenue Potential

marsbit08/11 03:12

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