Robinhood Chain生態速覽：哪些項目值得提前佈局？
- 核心觀點：Robinhood Chain 作為其進軍 Layer2 的核心戰場，上線僅4天即構建起覆蓋股票代幣、RWA、永續合約及現貨交易的生態，但當前TVL（約7673萬美元）仍相對較低，生態內多個重點項目的代幣分配和激勵機制值得關注。
- 關鍵要素：
- Robinhood Chain 於2026年7月2日上線主網，同步開啟為期90天的Gas費減免活動，覆蓋兌換、跨鏈及Perp交易。
- Arcus 是由 dYdX Labs 與 Robinhood 聯合構建的股票代幣和加密貨幣DEX，其代幣將優先分配給 dYdX 社區成員。
- Lighter 是 ZK 驅動的永續和現貨交易所，承諾向 Robinhood 社區投入 1100 萬美元等值 LIT，用戶交易可獲得積分並兌換代幣。
- Robinhood Earn 允許用戶透過 Morpho 金庫借出穩定幣 USDG，預計年化收益率為 7%，借款人需提供來自 Spark、Ethena 等協議的抵押品。
- Rialto 鏈上現貨交易所支援股票、ETF、商品等資產，初期上線 90 多種 Robinhood 股票代幣，採用自有的 propAMM 做市商定價邏輯。
- Meridian 專注於 RWA 永續合約和預測市場平台，前身 Ethereal 曾承諾將 15% 的治理代幣分配給 ENA 質押者。
原文作者：KarenZ，Foresight News
As Robinhood's core "battlefield" for entering Layer 2, Robinhood Chain is rapidly building a comprehensive ecosystem covering stock tokens, RWA, perpetual contracts, and spot trading.
On July 2, 2026, alongside the launch of its mainnet, Robinhood Chain also initiated a 90-day gas fee reduction campaign, covering scenarios such as swaps, cross-chain transactions, and Perp trading.
As of July 6, 2026, just four days after its launch, the ecological TVL of Robinhood Chain is still relatively low, at approximately $76.73 million. This article will sort out the noteworthy projects and potential opportunities within it.
Source: Dune Dashboard (Entropy Advisors)
It is important to note that this article does not constitute any investment or interaction advice. All participants should conduct their own research, DYOR, and take any actions only after fully assessing their own risk tolerance.
Arcus
Arcus is a stock token and cryptocurrency DEX jointly built by dYdX Labs and Robinhood Crypto, focusing on spot and perpetual contracts to facilitate peer-to-peer trading of stock tokens on Robinhood Chain.
When officially announcing Arcus, dYdX stated that a portion of future Arcus tokens would be allocated to the dYdX community. The Defiant also reported that Arcus tokens will be prioritized for users who trade, stake, or validate on the dYdX platform, giving priority to existing dYdX community members at the time of the token launch.
Further Reading: 《dYdX Reinvents Itself, This Time Teaming Up with Robinhood: Can It Succeed?》
Lighter
Lighter is a ZK-powered decentralized perpetual and spot exchange, deployed on Robinhood Chain. Robinhood Wallet users can now directly trade perpetual contracts and stock tokens through Lighter.
According to a report by Bankless, Lighter has committed $11 million worth of LIT tokens to the Robinhood community: Users earn points by trading perpetual contracts on Lighter (2x points for trading via Robinhood wallet, 1x points for using the Lighter web app), which can be exchanged directly for LIT (subject to Lighter's terms).
Further Reading: 《Racing for Territory with Robinhood, Is Lighter Playing a Bigger Game?》
Morpho
Robinhood is gradually rolling out Robinhood Earn to eligible U.S. users, allowing them to lend the stablecoin USDG via self-custodial wallets. Robinhood estimates an annual percentage yield of 7%.
The USDG provided through Robinhood Earn will be deposited into Morpho vaults and allocated within the Morpho market. Borrowers provide collateral from protocols like Spark, Ethena, and Maple to borrow USDG, and the yield generated comes from the interest they pay.
Rialto
Rialto came to the forefront in collaboration with Robinhood Crypto, Offchain, and Arbitrum. It is an on-chain spot exchange supporting asset types such as cryptocurrencies, stocks, ETFs, and commodities.
Initially, Rialto will list over 90 Robinhood stock tokens, along with major crypto assets on Robinhood Chain.
After a user initiates an order, Rialto requests real-time quotes for that order size from all candidate liquidity sources, including propAMM and traditional DEX pools, and then sorts them by net output after deducting network costs. The core concept here is propAMM. Rialto defines propAMM as: an on-chain market maker that quotes using its own inventory and pricing logic.
Arrakis
Arrakis is a non-custodial on-chain market maker protocol designed for token issuers, managing concentrated liquidity on DEXes through self-custodial treasuries: the issuer owns the vault and its assets, while Arrakis runs market-making strategies within the parameters set by the issuer.
In December 2022, Arrakis Finance completed a $4 million seed funding round in the form of a SAFT (Simple Agreement for Future Tokens), with participation from Uniswap Labs Ventures, Accel, Polygon Ventures, and Robot Ventures.
Meridian
Meridian is a perpetual contract and prediction market platform within the Robinhood Chain ecosystem, focused on RWAs, with USDe as the settlement asset.
It is worth mentioning that Meridian, formerly known as Ethereal, was rebranded in May 2026, shifting from a potentially more general derivatives/trading infrastructure to progressively focus on RWAs + prediction markets + perpetual contracts.
In November 2024, Ethereal stated that it would allocate 15% of all future Ethereal governance tokens to ENA (sENA) stakers.
Native
Native is an on-chain price discovery and execution system, deployed on Robinhood Chain on July 2. Native previously supported networks such as Ethereum, BNB Chain, Arbitrum, and Base.
On July 2, when responding to community questions, Native stated: "There are currently no token issuance plans, but we will cherish every supporter."
