Robinhood Bets on 3 Crypto Sectors as Blockchain Fees Hit $25 Million
Robinhood Chain ranked third by weekly software charges within the week ending July 24. Meme cash and tokenized property commerce facet by facet on the 4-week-old community.
Now Robinhood is pushing deeper into prediction markets, widening its bets throughout 3 crypto sectors.
Fees Hit $25 Million as Meme Coins Outpace the RWA Pitch
Applications on Robinhood Chain generated $25 million in charges 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 place makes it one of many strongest blockchain launches in recent times,” CryptoRank stated.
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Robinhood constructed a layer-2 community for tokenized real-world property (RWA). Recent exercise exhibits a distinct combine. According to information from Dune, Cash Cat (CASHCAT) ranks first among the top traded tokens on the community.
The meme coin has logged $824.89 million in lifetime quantity throughout 1.37 million trades. Tokenized property are rising, too, although not often on their very own.
Daily RWA buying and selling peaked at $61.1 million on July 23. Meme coin and tokenized inventory pairs provided $46.1 million, or about 75%.
The chain’s tokenized asset base additionally grew. The whole RWA worth on the chain climbed to $25.4 million on July 24, the very best since launch. Tokenized shares made up $21.9 million.
Prediction Markets Sit Off the Chain
As meme coin and RWA buying and selling develop, Robinhood can be pushing deeper into prediction markets in its app. The Journal reported that Robinhood is in talks with Crypto.com. A partnership would let customers commerce the trade’s yes-or-no contracts on Robinhood’s buying and selling platform.
Robinhood started carrying Kalshi contracts in early 2025. Its companions additionally embrace ForecastEx, owned by Interactive Brokers, and Rothera. Robinhood runs Rothera by way of a three way partnership with Susquehanna International Group.
Robinhood stated it would hold working with a number of exchanges. No settlement with Crypto.com has been reached, and the talks could not produce one.
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The submit Robinhood Bets on 3 Crypto Sectors as Blockchain Fees Hit $25 Million appeared first on BeInCrypto.
