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CEO Vladimir Tenev recently surprised everyone by announcing: "This network is also a suitable place to play memecoins."
This sudden pivot completely contradicts the original direction of Robinhood Chain — which was created to tokenize real-world assets (RWAs) such as stocks and ETFs. But reality shows that Robinhood is choosing a more practical approach: riding the wave of speculation to stimulate network demand.
Immediately after the CEO's statement, Robinhood Chain exploded:
🔹A flood of memecoins appeared, recording gains from 10x to over 50x within just a few hours.
🔹Trading volume on DEXs surged as users rushed to hunt for early memes.
This is clearly a strategy learned from Solana. Robinhood is accepting the use of memecoins as a "growth engine" to rapidly pull in users, liquidity, and developers to its ecosystem, building a solid launchpad before executing long-term RWA initiatives.