Robinhood built a blockchain for tokenized stocks. Memecoins took over

Robinhood Chain, a blockchain launched for tokenized stocks, has processed $3.1 billion in weekly DEX volume and $312 million total value locked in its first two weeks, but memecoins like CASHCAT ($156m market cap) dominate activity whilst regulated tokenized equities account for only $12.8 million. The pattern mirrors Coinbase Base's 2023 launch, where speculative assets filled the network before durable applications arrived.

This Wire brief tracks Robinhood and Robinhood, and It sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.