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Morning Edition · Thursday, August 6, 2026Published at 1:33 AM EDT · New York
Capital Concentrates as Robinhood's Chain Grows on Memecoin Trading and Solana Funds Take in Nothing
Value secured on Robinhood Chain rose 22.1 percent in a week to $993 million while its tokenized assets stand at $27.6 million, and all six United States Solana funds recorded five straight days of zero net flows.
Robinhood Chain, the layer-2 network the brokerage launched to carry tokenized assets, has grown quickly. L2Beat puts total value secured at $993.4 million, up 22.1 percent over seven days, the largest weekly gain among tracked rollups. The…
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On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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