Robinhood Chain Projects We’re Watching Closely‍

If you’re dusting off your group chats and witnessing this deluge of new CAs flying back and forth, you might be feeling a bit out of the loop. 

Robinhood Chain took many by surprise, first posturing their RWA focus, but kicking off the fun by welcoming memes with open arms.

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Robinhood Chain top projects

So to help get you up to speed, here are some applications we think are worth watching on the new chain. 

Pons

After NAXO’s fall from grace, Pons took the reins as the leading native launchpad on Robinhood Chain. 

A couple of nuances to keep in mind, which separate it from some other launchpads:

1. Creators of the memes receive 70% of trading fees (denominated in WETH and their token), with the remaining 30% going to the protocol.
2. Protocol uses 80% of earned fees to buy back their PONS token.

From the looks of it, there’s still a heated rivalry in the launchpad market, so keep your head on a swivel. 

SLVR

If you’re familiar with the mechanics of ORE, you’ll catch onto this one quickly. Gamified mining via a 5x5 grid lottery that chooses a winning square using verifiable randomness. 

There’s ongoing prizes in ETH, an accumulating jackpot, staking for fee-share, as well as some burning mechanics from protocol rake. 

SLVR is currently topping the Revenue leaderboards for Robinhood apps, but it remains to be seen if this type of app has staying power.

Index

What if DCAing to your brokerage was as simple as holding a governance coin? That’s the idea behind Index, which utilizes the familiar function of a token tax (3%) on their Uniswap pool.

Index uses this UniV4 hook to siphon off a chunk of every INDEX-ETH trade to buy up a basket of tokenized stocks, like NVDA, AAPL, and MSFT, consistently throughout each day, trickling equity exposure into your crypto wallet passively. 

Send this one to your uncle who keeps telling you to “look into real estate” for passive income.

Morpho

Our good friends Morpho are dominating the TVL charts for the chain, accounting for more than half of all funds. They partnered with Robinhood to provide the backend for Robinhood Earn, a self-custody lending product. 

Simple USD yield should be a standard for new chains, and Morpho is killing it, with SteakhouseFi providing the vault curation. 

Meridian Predict

Meridian Predict is a Robinhood Chain launch partner, and it’s focused on prediction markets, with future RWAs and perps in the roadmap.

The protocol uses an RFQ system, meaning it doesn’t have to bootstrap its own native liquidity like an orderbook system would need to. 

This allows the protocol to price complex trades like multi-leg combos or large orders that would generally slip books.

There’s also liquidity vaults where your deposited funds are used as counterparty liquidity across multiple markets, allowing you to be “the house” in a way that’s oddly foreign to prediction markets of today. 

LONG()

Vlad said, “Robinhood is great for both RWAs and memes,” so LONG() said, “Say no more, fam.” With LONG, each meme that’s launched is not simply paired with ETH, but with a stock.

Want to launch an Elon meme that’s paired with $TLSA? Or a Gemini meme paired with $GOOGL? Now’s your chance.

A bit like alt.fun, if you’re familiar, just paired with stocks instead of perps. 

Virtuals

Agents are the future, no doubt, which is why no narrative would be complete without a full investigation into all of the weird and wonderful use cases unlocked by our autonomous brethren. 

By plugging into the Robinhood chain, these Virtuals agents unlock tokenized markets (and new eyeballs) to play around with.

An early frontrunner is Project:VEX, which is a desktop-native trading agent that is configurable with strict guardrails. We’re going to be watching the launchpad closely, because everyone wants to catch the next $AIXBT. 

Arcus

These guys are a joint Robinhood-dYdX venture, launching day 1 with the chain for spot and perps.

Despite the fanfare, uptake has been lackluster, with Uniswap absolutely dominating the spot volume arena and perps overall being slow on the uptake (Arcus perps are still waitlisted anyway).

For what it’s worth, I personally like the UX. They include a rich context for each ticker along with a news panel relevant to what you’re trading. Worth an eye when their perps product goes live.

Lighter

Speaking of perps, no Robinhood chain list would be complete without the other half of the Vlad-Vlad-duopoly. 

Lighter came out of the gates strong, with $11 million of rewards up for grabs to folks willing to tinker with their app through the Robinhood chain (a 2x bonus over their own app). 

What’s cool about their RH deployment is that users can use RWAs like stocks as collateral to trade against. And while uptake has been a bit slow, I’m sure there will be haymakers flying when the RWA wave truly hits the chain.

Karma

Karma reminds me (in a good way) of fomo, attempting to combine the slippery lovers of trading and social.  

Their goal is to embed a social feed directly into a mobile-first trading experience. Slap onto that a native wallet, easy onboarding, and *gasp* a flywheel, and we see why this project keeps getting mentioned.

Rialto

You may have heard the hubbub about propAMMs over in Solana-land, but Rialto is staking their claim on the EVM side of things. 

The goal is simple - provide the absolute best execution for any and all spot assets onchain by partnering with Robinhood and Arbitrum.

Too soon to call if Rialto can go toe-to-toe with the teams already humming on the SVM, but you know we will be watching closely. 

Closing thoughts

It’s the early days, and it’s likely that the “killer app” for Robinhood (if one ever comes) is not yet even launched. And while we are excited about these projects above, none of this is financial advice, and don’t come crying to us if/when rugs hit the timeline.

I’m sure we’ve missed some great projects, so let us know below what else we should be following on Robinhood Chain.