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Robinhood launches its own L2 chain, Robinhood Chain, aiming to keep trading, settlement, and lending within its own ecosystem, directly challenging Coinbase's Base. Early activity is driven by memecoins and AI agent trades, but real value lies in tokenized stocks entering DeFi lending.
News 💦 Low Robinhood launches its own L2 chain, Robinhood Chain, aiming to keep trading, settlement, and lending within its own ecosystem, directly challenging Coinbase's Base. Early activity is driven by memecoins and AI agent trades, but real value lies in tokenized stocks entering DeFi lending. Robinhood, a popular trading app, has launched its own blockchain layer called Robinhood Chain to compete with Coinbase. The chain is initially seeing activity from speculative memecoins,...