Foreign media reports that the recent online activity of Robinhood Chain has significantly rebounded, with meme coins and real-world assets (RWA) becoming the main driving forces behind this round of growth. The article mentions that this chain recorded its strongest single-day performance since mid-July, with DEX trading volume reaching approximately 443 million US dollars, and the number of daily transactions exceeding 3 million, with the number of active wallets rising back to over 115,000.
On-chain data rebounds
Compared to the low point of around $140 million at the beginning of August, the trading volume of Robinhood Chain's DEX has increased by about three times. Foreign media believes that the flow of funds back onto the blockchain has driven the overall strength of the token sector, and since most of the projects with current high market values have not been on the market for a long time, it indicates that funds are still concentrated in new assets.
It is mentioned in the text that several tokens on the blockchain have recently reached new highs. Among them, the meme coin CASHCAT once rose to a market value of approximately 250 million US dollars; the launch platform PONS saw a single-day increase of about 30% and received Gate.io after its daily revenue exceeded 200,000 US dollars; Artificial Inu has attracted attention due to its liquidity pool design related to tokenized NVIDIA stocks.
RWA Capital Flow Amplification
Apart from meme coins, RWA is another main focus of the current upswing for Robinhood Chain. The article states that the total value of real-world assets on the chain has risen to 41.9 million US dollars, covering 202 tokenized assets; the daily net inflow of RWA on the chain reached approximately 85 million US dollars, setting a new high since its launch. In contrast, this figure was around 12.8 million US dollars in mid-July.
Foreign media believes that the expansion of RWA indicates that the narrative of Robinhood Chain is no longer limited to short-term trading. Some developers are attempting to combine meme coins, crypto assets, and stock tokens into new on-chain products. This has also led to this chain forming a more distinct differentiation in the new ecosystem among its peers.
Robinhood Executives Pay Attention to Ecological Changes
The CEO, Vlad Tenev, stated in this week's podcast that developers have created products on the blockchain that the company had not originally envisioned, such as combining meme coin holdings with stock token airdrops. Based on this, the article concludes that Robinhood's management is paying attention to the expansion direction of native applications on the blockchain.
However, this comment also mentions that after a continuous and rapid rise, the related tokens may experience a cooling down in the short term. What the market is more concerned about in the future is whether Robinhood will continue to facilitate broader trading opportunities for tokens within the ecosystem, and whether future projects will lean more towards meme coins, utility tokens, or infrastructure projects.
