#L2

Robinhood Chain surpasses Solana on memecoins, RWA growth: Can it hold the lead?

Robinhood Chain, a recently launched Ethereum Layer 2, has emerged as a significant competitor to Solana in the realms of memecoin speculation and real-world asset tokenization. Within its first month of operation, the platform achieved a weekly volume of $1.23 billion, narrowly surpassing Solana’s PumpSwap. Beyond memecoin activity, the chain has demonstrated rapid adoption in the tokenized stock sector, reaching approximately 330,000 holders compared to Solana's 281,000. Despite leading in user count, Robinhood Chain currently accounts for only 1% of the total $2 billion market value held in tokenized stocks. This discrepancy highlights that while the platform successfully attracts retail users through its massive distribution channel, it has yet to capture significant institutional capital or high-value asset holdings. The chain has generated $3 million in cumulative revenue since its inception, though recent DEX volumes have experienced a decline from monthly peaks. The long-term viability of this RWA strategy remains dependent on whether the platform can convert its high user engagement into substantial asset value. Analysts from firms like Bernstein and Goldman Sachs maintain a bullish outlook on Robinhood's parent company stock, anticipating potential upside as the L2 ecosystem matures.

AMBCrypto·3h ago