Robinhood Chain, four weeks old, generated $25 million in application fees in the week ending July 24, ranking third behind Ethereum ($45M) and Solana ($39M), while total RWA value on the chain climbed to $25.4M and daily RWA trading peaked at $61.1M on July 23. Meme coins are driving activity—Cash Cat has $824.89M lifetime volume and meme/tokenized-stock pairs made up about $46.1M (≈75%) of daily trading—yet Robinhood is expanding into prediction markets and is in talks with Crypto.com (a CEX) to add off-chain contracts, signaling strong crypto adoption and fees but a risk that the RWA token launch narrative is being outpaced by speculative tokens and DEX/CEX-driven trading.

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In Brief

Robinhood Chain ranked 3rd by weekly app fees at $25 million on July 24.
Meme coins still drive most trading despite the chain's tokenized asset pitch.
Robinhood is in talks with Crypto.com to deepen its prediction markets bet.

Robinhood Chain ranked 3rd by weekly application fees in the week ending July 24. Meme coins and tokenized assets trade side by side on the 4-week-old network.

Now Robinhood is pushing deeper into prediction markets, widening its bets across 3 crypto sectors.

Fees Hit $25 Million as Meme Coins Outpace the RWA Pitch

Applications on Robinhood Chain generated $25 million in fees over the week ending July 24. Only Ethereum (ETH) at $45 million and Solana (SOL) at $39 million ranked higher, perCryptoRank.

“Robinhood Chain’s third-place position makes it one of the strongest blockchain launches in recent years,” CryptoRank said.

Robinhood built a layer-2 network for tokenized real-world assets (RWA). Recent activity shows a different mix. According to data from Dune, Cash Cat (CASHCAT) ranks first among the top traded tokens on the network.

The meme coin has logged $824.89 million in lifetime volume across 1.37 million trades. Tokenized assets are growing, too, though rarely on their own.

Daily RWA trading peaked at $61.1 million on July 23. Meme coin and tokenized stock pairs supplied $46.1 million, or about 75%.

The chain’s tokenized asset base also grew. The total RWA value on the chain climbed to $25.4 million on July 24, the highest since launch. Tokenized stocks made up $21.9 million.

RWA Value on Robinhood. Source: Dune

Prediction Markets Sit Off the Chain

As meme coin and RWA trading grow, Robinhood is also pushing deeper into prediction markets in its app. The Journal reported that Robinhood is in talks with Crypto.com. A partnership would let users trade the exchange’s yes-or-no contracts on Robinhood’s trading platform.

Robinhood began carrying Kalshi contracts in early 2025. Its partners also include ForecastEx, owned by Interactive Brokers, and Rothera. Robinhood runs Rothera through a joint venture with Susquehanna International Group.

Robinhood said it will keep working with several exchanges. No agreement with Crypto.com has been reached, and the talks may not produce one.

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