Bankless · Friday, July 10, 2026
The new Robinhood chain experienced a surge in activity driven by meme coins, particularly 'Cash Cat,' which saw its market cap climb rapidly. The demand to bridge assets to the chain was so high that ETH liquidity on the bridges ran out, highlighting the unexpected popularity of meme coin speculation on the platform. Vlad Tenev, CEO of Robinhood, acknowledged the chain's capability for memes, though he expressed skepticism about listing meme coins on the main Robinhood app.
“This week, the brand new innovative use case on Robinhood chain that has been recently discovered this week. No one saw it coming.”
“Meme coins. Meme coins. Can I tell you about the meme coin that's on Robinhood chain that people are excited about?”
“While we're building Robinhood chain to be the best chain for real-world assets... It works great for memes too.”
“I saw 140,000 wallets have been opened on Robinhood chain. This is Hayden Adams. On one day. That was just one day. I think we're cumulative wallets on Robinhood chain is over 200,000.”