Robinhood Chain's merry memes 🏹

The Layer-2 network generated $3.1 billion in DEX volumes last week, driven by meme coins—and it's boosting Ethereum, according to BitMine's Tom Lee.

Author

Stephen Graves
July 13, 2026

đź“ť What you need to know

Robinhood’s plan was to create a blockchain for tokenized stocks. But initial activity on Ethereum Layer-2 Robinhood Chain has been fueled by interest in meme coins, helping to drive it to $3.1 billion in cumulative trading volume over the past week, according to investment bank Bernstein.

Over the weekend, BitMine Chairman Tom Lee hailed the “breakaway success” of Robinhood Chain, arguing that it demonstrates product market fit for Ethereum as his firm scooped up another $49 million worth of ETH for its coffers.

It’s a rare bit of positive news for digital asset treasury firms, with Michael Saylor’s Strategy pausing its Bitcoin buys for a third week running as news broke that Empery Digital dumped half of its BTC holdings for $87 million.

Robinhood Chain's Early Momentum Is Being Driven By Meme Coins, Not Tokenized Stocks

Appetite for meme coins has fueled initial activity on Robinhood chain, helping generate $3.1 billion in DEX volumes in the last week.

đź“° In the News

BitMine Buys $49 Million in Ethereum as Tom Lee Hails Early Robinhood Chain Demand

According to BitMine Chairman Tom Lee, Ethereum is benefiting from the early success of the Robinhood Chain layer-2 network.

Strategy Pads Cash Reserves to $3 Billion, Skipping Bitcoin Buy for Third Week

Strategy went another week without buying Bitcoin, focusing instead on lifting its cash reserves to $3 billion via common stock proceeds.

Chinese Prosecutors Float Treating Crypto Mixer, Privacy Coin Use as Sign of Money Laundering

An article in the top prosecutors' paper urges new blockchain evidence rules, presumptions of intent, and a state platform to sell seized coins.

Bitcoin · BTCJuly 13, 2026
$61,930
â–Ľ 3.3% past 24 hours
View live price

With over 75 markets, the Myriad World Cup 2026 Contest enables users to make predictions on every single match. A prize pool of $100,000 is on offer for top traders and makers. The top three traders receive $20,000, $10,000 and $5,000 respectively.

đź“Š Myriad Insight of the Day

GPU rental prices (H100) at end of July?
<$2.30 24%$2.30–$2.60 34%$2.60–$2.90 27%20% >$2.90
    
Why it matters
H100 one-year rental contracts surged 40% between October and March—from $1.70 to $2.35 per hour—as inference demand from AI agents outstripped supply, per Proactive Investors. Prices have since cooled from a May spike. The market resolves on the Ornn H100 Index, live on the Bloomberg Terminal since April. Rates above $2.30 suggest AI demand outrunning supply; below $2.00 would be the first evidence the compute boom is easing.
Trade

🕵🏻‍♀️ Editor’s Picks

'The Odyssey' Director Chris Nolan: Young Audiences are Rejecting 'AI Slop'

The younger generation's judgment of AI has been “immediate and harsh,” according to the Oscar-winning director.

This Is How Much Your Boyfriend Is Spending on AI Girlfriends

AI girlfriends and companion apps are bringing in big dollars as users pay for virtual partners, flirting, and digital intimacy.

Bank of Thailand Flags Abnormal Stablecoin Trades in 'Grey Economy' Crackdown

Data analytics flagged stablecoin transfers meant to evade scrutiny, the central bank says, handing the findings to the securities regulator.

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

đź“š Watch & Learn

📹 WATCH: Saylor Dumps MSTR, Robinhood’s $2B Weekend, Jupiter Goes Gacha

🎓️ LEARN: What Is Robinhood Chain? The Ethereum Layer-2 Network for Tokenized Stocks

Robinhood Chain is an Ethereum layer-2 network built with Arbitrum technology for tokenized assets, crypto apps, and on-chain financial products.

Interested in partnering with Decrypt? Find out more here.