Robinhood Chain, the layer-2 network for tokenized real-world assets launched just four weeks ago, generated $25 million in fees in the week ending July 24. That puts it third behind Ethereum ($45 million) and Solana ($39 million), according to data from the network.
Fee generation in the first month
It's early days, but the numbers are already turning heads. Robinhood Chain launched in late June as a dedicated network for tokenized real-world assets — think tokenized stocks, bonds, and other traditional instruments. In its first full month, it's pulling in fee revenue that rivals established chains. The $25 million weekly figure is more than double what some analysts expected for a network this young.
What's driving the volume
Meme coin Cash Cat (CASHCAT) is the top traded token on Robinhood Chain, with $824.89 million in lifetime volume across 1.37 million trades. Daily RWA trading on the network peaked at $61.1 million on July 23, with meme coin and tokenized stock pairs supplying $46.1 million — about 75% of that day's activity. Total RWA value on Robinhood Chain climbed to $25.4 million on July 24, the highest since launch. Tokenized stocks make up the bulk: $21.9 million.
Prediction market push
Robinhood is pushing deeper into prediction markets. The company is in talks with Crypto.com to let users trade yes-or-no contracts on its platform, according to people familiar with the discussions. Robinhood already carries Kalshi contracts and partners with ForecastEx, owned by Interactive Brokers, and Rothera, a joint venture with Susquehanna International Group. No agreement with Crypto.com has been reached, and the talks may not produce one.
The timing isn't great for a splashy announcement — the network is still finding its footing, and prediction markets are a regulatory minefield. But Robinhood's willingness to explore multiple partners shows it's serious about becoming a one-stop shop for event contracts.
