Robinhood Chain tokens drain from wallets at launch
The headline grabber is the $150M cat-coin launch on Robinhood's new layer-2; the structural question is what happens to retail when a regulated broker's brand wraps a permissionless chain.
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The headline grabber is the $150M cat-coin launch on Robinhood's new layer-2; the structural question is what happens to retail when a regulated broker's brand wraps a permissionless chain.
The L2 launched barely a week ago and is already routing more on-chain trading than two of Ethereum's most entrenched scaling layers.
An Arbitrum-based L2 from a US retail giant flips the switch with Uniswap live day one, while 24/7 stock tokens, Robinhood Earn, and crypto agentic accounts queue up behind it.
A memecoin built around an abandoned mascot became the first breakout on the brokerage's RWA-focused chain, exposing the tension between tokenized-stocks ambition and the speculative flow that…
The metric makes raw transaction counts a weak proxy for new-user growth and shifts attention to whether Robinhood Chain can broaden beyond its existing degen cohort.
The squeeze moved roughly 0.025% of Hims & Hers' real float, yet exposed how thin a permissionless token wrapper gets when the underlying market is closed and only one party can mint new supply.
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