Uploaded July 2026 | Updated September 2026, 2 weeks ago
Two weeks after launch, 85% of Robinhood Chain's trading is memecoins and just 1% is RWAs. Johann Kerbrat says that doesn’t change the strategy.
🔥 EPISODE LINK 🔥
unchainedcrypto.com/podcast/why-robinhood-chain-saw-memecoins-take-off-before-real-world-assets
========================================================================
Thank you to our sponsor!
👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
========================================================================
Robinhood CEO Vlad Tenev told CNBC on July 2 that real-world assets, not memecoins, were the future of crypto on Robinhood Chain. Two weeks after launch, the numbers disagree: roughly 85% of daily trading on the chain is memecoins, while tokenized RWAs sit at about 1%.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, joins Laura Shin to argue the split is not a problem. He makes the case that building the chain permissionless was deliberate, and that memecoin trading through CashCat and PumpFun brings the liquidity RWAs will eventually need.
Kerbrat also defends building the chain's lending and margin system on USDG over USDC or Tether, walks through the separate, unshared liquidity instance behind Robinhood's new perps product with Lighter, and addresses Robinhood's 63% quarterly drop in crypto transaction revenue. His answer: Robinhood Chain was never meant to smooth out that swing, and the real test is whether tokenization can outrun regulation.
Host:
👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin
Guest:
👉 Johann Kerbrat - Vice President and General Manager of Robinhood Crypto - https://x.com/johannkerbrat
Timestamps:
🐸 01:06 Why memecoins are 85% of Robinhood Chain's DEX volume, not RWAs
🚀 05:35 Why PumpFun listing Robinhood Chain tokens was the result of their strategy
🔐 09:33 Where Robinhood's responsibility ends and the permissionless chain begins
📣 11:12 Cape: Use code UNCHAINED for 33% off your first six months at cape.co/unchained
⚡ 16:17 Why Robinhood built a separate Lighter instance for its perps
💵 20:24 Why USDG, not USDC or Tether, backs Robinhood Chain's lending and margin
📉 23:23 Does the chain mitigate the 63% swing crypto can have on Robinhood's earnings?
========================================================================
#bitcoin #ethereum #crypto #cryptocurrencies
========================================================================
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
++++++++++++++++++++++++++++++++++++++++++++++++
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
Two weeks after launch, 85% of Robinhood Chain's trading is memecoins and just 1% is RWAs. Johann Kerbrat says that doesn’t change the strategy.
🔥 EPISODE LINK 🔥
unchainedcrypto.com/podcast/why-robinhood-chain-saw-memecoins-take-off-before-real-world-assets
========================================================================
Thank you to our sponsor!
👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
========================================================================
Robinhood CEO Vlad Tenev told CNBC on July 2 that real-world assets, not memecoins, were the future of crypto on Robinhood Chain. Two weeks after launch, the numbers disagree: roughly 85% of daily trading on the chain is memecoins, while tokenized RWAs sit at about 1%.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, joins Laura Shin to argue the split is not a problem. He makes the case that building the chain permissionless was deliberate, and that memecoin trading through CashCat and PumpFun brings the liquidity RWAs will eventually need.
Kerbrat also defends building the chain's lending and margin system on USDG over USDC or Tether, walks through the separate, unshared liquidity instance behind Robinhood's new perps product with Lighter, and addresses Robinhood's 63% quarterly drop in crypto transaction revenue. His answer: Robinhood Chain was never meant to smooth out that swing, and the real test is whether tokenization can outrun regulation.
Host:
👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin
Guest:
👉 Johann Kerbrat - Vice President and General Manager of Robinhood Crypto - https://x.com/johannkerbrat
Timestamps:
🐸 01:06 Why memecoins are 85% of Robinhood Chain's DEX volume, not RWAs
🚀 05:35 Why PumpFun listing Robinhood Chain tokens was the result of their strategy
🔐 09:33 Where Robinhood's responsibility ends and the permissionless chain begins
📣 11:12 Cape: Use code UNCHAINED for 33% off your first six months at cape.co/unchained
⚡ 16:17 Why Robinhood built a separate Lighter instance for its perps
💵 20:24 Why USDG, not USDC or Tether, backs Robinhood Chain's lending and margin
📉 23:23 Does the chain mitigate the 63% swing crypto can have on Robinhood's earnings?
========================================================================
#bitcoin #ethereum #crypto #cryptocurrencies
========================================================================
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
++++++++++++++++++++++++++++++++++++++++++++++++
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
