I know that
@vladtenev wants both RWAs & memecoins to thrive on
@RobinhoodApp’s chain.
But for now, the RWA side is falling badly behind its memecoin activity. Nine months in, stocks on
@RobinhoodApp add up to only ~$19M in value.
To put that in perspective, the chain’s largest memecoin, $CASHCAT, has a market cap of ~$70M. That’s almost 4x the chain’s total RWA value.
According to
@GeckoTerminal, it has more than 33K holders and $5M+ in daily volume.
Most major ecosystems eventually crown one meme as their face:
• BONK on SOL
• BRETT on BASE
• PEPE on ETH
Robinhood’s stock tokens track the value of the shares backing them.
That’s why 254K people collectively hold ~$17M in tokenized stocks, while 33K holders value one cat at ~$80M.
One follows a price, while the other is priced entirely by its own market.