Robinhood Expands into Three Key Crypto Sectors Amid Rising Blockchain Transaction Fees
Robinhood Chain, the layer-2 blockchain launched by Robinhood, ranked third in weekly application fees at $25 million for the week ending July 24. This places it behind Ethereum ($45 million) and Solana ($39 million), according to CryptoRank. The platform has seen strong trading activity across meme coins like Cash Cat (CASHCAT), which led with over $824 million in lifetime volume, as well as tokenized real-world assets. Robinhood is also expanding into prediction markets by exploring partnerships and integrating contracts from exchanges such as Kalshi and ForecastEx. While discussions are ongoing with Crypto.com for potential integration of yes-or-no trading contracts on its platform, no formal agreement has been reached yet. The company's stake in Rothera through a joint venture suggests continued strategic investment. The growth of tokenized assets is notable, though they often trade alongside meme coins rather than independently. Tokenized stocks accounted for the majority ($21.9 million) of real-world asset value on Robinhood Chain as of July 24.
Topics: crypto fees meme coins prediction markets Robinhood Chain RWA (Real-World Assets)