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Robinhood Chain's memecoin push sparks debate but drives 10X growth in activity and TVL.

Protocol Fundamentals
09 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Robinhood CEO Vlad Tenev promoted the new Ethereum Layer 2 blockchain, Robinhood Chain, as a platform for both real-world asset tokenization and memecoin trading. This move received mixed reactions, with critics questioning the value of another Ethereum L2 and the risks associated with memecoins, which have historically caused losses for retail investors. Despite skepticism, memecoin trading on Robinhood Chain surged, boosting total value locked (TVL) from $10 million to $105 million and increasing decentralized exchange volumes significantly. The success highlights memecoins' role in attracting users and growing new blockchain platforms, though it remains uncertain if Robinhood Chain can sustain this momentum against competitors like Base and Solana.

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