Robinhood Chain Sees Over $100 Million Meme Coin, Crypto-Stock Pairing Boosts RWA

By: www.odaily.news|2026/08/28 10:54:01

Original | Odaily Planet Daily (@OdailyChina)

Author | Golem (@web3_golem)

Today, a new meme coin has emerged on the Robinhood Chain, with the AI meme coin reaching a market cap of $100 million, nearly a tenfold increase over the past week.

Clearly, this meme coin is not a traditional quick pump-and-dump scheme, but has undergone a period of operation and fermentation. The AI meme coin is the leader in the crypto-stock pairing sector, paired with the tokenized Nvidia stock NVDA on the Robinhood Chain. Over the past month, a community treasury has been established, using creator fees and 50% of transaction fees to buy back and burn tokens, with 0.82% of the token supply already destroyed.

The explosive growth of the AI meme coin is also attributed to the support from the token issuance platform LONG, which even airdropped stock tokens NVDA to AI holders in the early stages. LONG is a meme coin issuance platform within the Robinhood Chain ecosystem, and with its innovative "crypto-stock pairing" meme issuance model, it has become a leading meme issuance platform on the Robinhood Chain.

According to Dune data, although LONG's daily new token issuance lags significantly behind Flap and Pons, the total daily trading volume of meme coins issued on the LONG platform ranks third on the Robinhood Chain, only behind Pons and noxa, surpassing Uniswap's pools and Flap. The trading volume of meme coins issued by LONG accounts for 8.5% of the total meme trading volume on the Robinhood Chain, placing it third overall.

Robinhood Chain Launchpad Meme Daily Trading Volume Ranking

Crypto-Stock Pairing: Changing the Valuation Unit of Meme Coins

The so-called "crypto-stock pairing" model means that users can issue a meme coin and choose a stock token as the valuation unit and trading pair asset. The other side of the meme liquidity pool is no longer public chain assets like SOL, BNB, and ETH, but tokenized stocks on the Robinhood Chain, such as NVDA, TSLA, AAPL, SPCX, MSFT, TSM, etc.

Although it seems like a simple change in the liquidity pool pairing assets and on-chain valuation units, the impact is significant. The relative price of meme coins is no longer measured by how many ETH it can be exchanged for, but by how many stock tokens it can be exchanged for. This means that the price of meme coins is influenced not only by market sentiment but also by traditional stock prices, effectively breaking down the "dimensional wall" between the meme coin market and the stock market.

Therefore, buying meme coins paired with stocks is essentially making a double bet: betting that the meme coin can outperform the stock while also betting on the dollar price fluctuations of that stock. The meme coin and the stock token it is pegged to do not have a 1:1 redemption relationship; the stock token is merely a quoted asset in the liquidity pool and not collateral for the meme coin. The crypto-stock pairing does not provide any value backing for the issued meme coins.

In actual trading, users still buy and sell crypto-stock paired meme coins using ETH on the front end of the meme trading platform, but on the back end, ETH is first exchanged for stock tokens before entering the crypto-stock pool to be exchanged for meme coins. Additionally, the fees received by creators are not in ETH but in the underlying pegged stock tokens. If stocks like NVDA and SPCX are considered more valuable than cryptocurrencies like ETH, then in a sense, crypto-stock paired meme coins are also helping the community accumulate value investments.

Recently, LONG announced the upcoming launch of LongX, allowing users to issue coins using leveraged stock tokens as underlying assets. Users do not need to actively manage perpetual positions but can hold them as standard ERC20 tokens, while rebalancing and position management will be handled automatically at the protocol level, with Lighter used for underlying execution and liquidity. Compared to crypto-stock pairing, this model of packaging leveraged stock assets for coin issuance is not a first for LONG; a similar model was launched by the meme launch platform alt.fun of the Hyperliquid ecosystem in May this year, but that platform has since lost its heat and user base.

Driving RWA Trading on Robinhood Chain

For the Robinhood Chain ecosystem, the real significance of crypto-stock paired meme coins lies in increasing the trading volume of the RWA sector and expanding the use of stock tokens.

The early vision of Robinhood Chain was to become an RWA chain, but the unexpected popularity of meme trading has surprised the team. Robinhood CEO Vlad Tenev mentioned in a recent interview that this was something they did not anticipate, and even more surprising was that meme trading also boosted the trading and liquidity demand for related stock tokens.

According to Dune data, the current total on-chain circulation value of RWA on the Robinhood Chain is approximately $45.4 million, with 202 RWA assets. In terms of trading volume, aside from direct stock token trading, the trading volume of stock tokens brought by crypto-stock paired meme coins accounts for about 34% of the total RWA trading, making it the second-largest contributor to RWA trading volume.

Composition of Daily Trading Volume of RWA on Robinhood Chain

Given LONG's leading position in the crypto-stock pairing Launchpad, this can be seen as LONG's contribution to the trading volume of RWA on the Robinhood Chain. Specifically, as of now, the trading volume of NVDA completed through LONG has exceeded $94 million, accounting for over 53% of the total trading volume of stock tokens on the LONG platform. According to LONG's official announcement, 23% of NVDA on the Robinhood Chain has been locked in the community treasury of the AI meme coin.

Trading Volume and Platform Share of Stock Tokens on LONG Platform

The meme trading driving stock token transactions is also a development that Robinhood hopes to see. Vlad Tenev even subtly praised the crypto-stock paired meme in a recent interview, stating, "They have linked meme coins, mainstream cryptocurrencies, and stock tokens together, creating some unique products that we never anticipated doing ourselves."

Another important significance of crypto-stock paired meme coins is that it broadens the use of stock tokens, allowing users and entrepreneurs to see the innovative potential of traditional assets like stocks on-chain. In addition to meme coins, more mature and protocolized innovations for stock tokens are sure to emerge in the future.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com