Robinhood's Blockchain Launch Rides Meme Coin Wave to Shocking Gains

Robinhood Markets has launched its public mainnet for Robinhood Chain, a layer-2 blockchain designed for real-world assets, tokenized stocks, and on-chain finance. The new blockchain was built primarily for real-world assets but is gaining traction from meme coin speculation.

CEO Vlad Tenev said in an X post that while the chain is being built to be the best for RWA, it 'works great for memes too.' This comes as CashCat has emerged as the first major meme coin on Robinhood Chain, rallying more than 1,700% in 24 hours.

Traders speculate that the new blockchain could become a hub for tokenized assets and retail-driven crypto activity. The move highlights a familiar crypto pattern where new chains often attract early liquidity through meme coins before broader applications gain traction.