Robinhood Chain's early activity is artificially inflated by temporary fee waivers and memecoin speculation rather than genuine demand for intended products like tokenized stocks and DeFi

"Memecoins accounted for over 80% of cumulative DEX trading volume during the network's early weeks, while Robinhood designed the chain primarily for tokenized stocks, real-world assets and decentralized financial services. Temporary incentives may also have contributed to the surge. Robinhood waived gas fees during the network's first 90 days."