Robinhood Bets on 3 Crypto Sectors as Blockchain Fees Hit $25 Million

Robinhood Chain ranked 3rd by weekly application fees in the week ending July 24. Meme coins and tokenized assets trade side by side on the 4-week-old network.

Now Robinhood is pushing deeper into prediction markets, widening its bets across 3 crypto sectors.

Fees Hit $25 Million as Meme Coins Outpace the RWA Pitch

Applications on Robinhood Chain generated $25 million in fees over the week ending July 24. Only Ethereum (ETH) at $45 million and Solana (SOL) at $39 million ranked higher, per CryptoRank.

"Robinhood Chain's third-place position makes it one of the strongest blockchain launches in recent years," CryptoRank said.

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Robinhood built a layer-2 network for tokenized real-world assets (RWA). Recent activity shows a different mix. According to data from Dune, Cash Cat (CASHCAT) ranks first among the top traded tokens on the network.

The meme coin has logged $824.89 million in lifetime volume across 1.37 million trades. Tokenized assets are growing, too, though rarely on their own.

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