Top 15 Utility Plays on Robinhood Chain

Robinhood szn is in full swing, congrats to all the newly minted millionaires and honorary members of the “six-figure hell” community. I pray you don’t roundtrip your wife changing money this time round.

Over the last two years, anything pumping in crypto has come with the automatic assumption that it’s a memecoin, we can thank Solana for that. But nonetheless, I think in between the blatant rugs, constant dumping, influencer scams, insider games, bundled coins, and the 3,435 identical tickers for one meme, we’re all a bit tired of it.

It’s time we return to some semblance of logic.

Although Robinhood naturally does have its fair share of memecoin activity with CASHCAT and memecoins paired with stocks to short-squeeze Wall Street, there’s actually been some really interesting “utility” plays launched over the last few weeks.

Interesting tech + attention + liquidity = recipe for success and big green candles.

So let’s get into a few interesting utility plays on Robinhood, and of course, none of this is financial advice. Please DYOR before buying/selling.

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The big boys

We want this article to mainly focus on some of the newer and lower market cap plays, so we won’t be diving into too much detail on some of the more established players, as we’re sure y’all are already well aware of them, but nonetheless, we’ll give them a quick mention to keep your mind at ease.

• PONS - The leading native launchpad that hit close to $900 million market cap.
• AI - The current leader of the MemeFi narrative. A memecoin paired with tokenized NVDA. 80% of fees from buys go to collecting NVDA stocks, which are stored in the community vault.
• CASHCAT - Although not a utility play, CASHCAT is the leading memecoin on Robinhood, so probably worth mentioning.

On this note, our chief researcher @563defi published an article about two months ago, way before the Robinhood mania started, outlining some of the most interesting plays to keep an eye on.

I highly recommend checking it out.

https://x.com/blocmates/status/2080636581644562724

Some of the notable projects he mentioned include:

• Index - This is basically Index funds onchain with a little extra volatility kick from token exposure. Index uses Uni V4 hooks to siphon off a chunk of INDEX/WETH trade to buy a basket of tokenized stocks - NVDA, AAPL, MSFT, and so on - giving you passive stock exposure in your crypto wallets.
• SLVR - Although it’s currently sitting 66% off its highs, SLVR is one of the first mining protocols on Robinhood. It’s a gamified mining protocol via a 5x5 grid lottery.
• Arcus - A joint venture between Robinhood and dYdX. It’s an exchange allowing users to trade tokenized stocks and crypto, both spot and perps, in live beta.
• Rialto - A propAMM-based exchange for spot trading any onchain asset, offering the best possible execution.

1. @longdotxyz

A project that we mentioned in our initial article, but have decided to give a special mention here is Longdotxyz, because they’ve been on an absolute roll.

Long is a launchpad that allows you to pair memecoins with tokenized stocks. AI, which is paired with NVDA, launched through Long.

Other than AI, they’ve had a bunch of other notable coins that have been on a roll:

• BONER - BONER is paired with HIMS stock and pumped to an ATH of $80 million. Interestingly, the CEO of HIMS actually followed the @bonercoinlong account.
• MEME - MEME is paired with AMC, and Vlad, the CEO of Robinhood, actually followed the @amemecoinrh account. A memecoin abbreviated to AMC, I think you get it.
• NUDES - NUDES is paired with SNAP because Snapchat is a platform popular for sharing nudes, so naturally, in true crypto fashion, the most entertaining outcome became a reality.
• MOO - MOO is paired with MU (Micron). I think you can see the meme relation here, phonetically similar, with very real pumps.

2. @NetNetCap

For those of you who are familiar with the Olympus DAO’s OHM (3,3) era, Netnet will be familiar to you.

You can think of Netnet as a more refined version of OHM, where instead of having a policy committee, all the knobs and rules are hardcoded. It is the reserve asset manager for the NET token.

Netnet is the sole minter of NET, users can purchase NET through bonds by paying in USDG, which goes to the treasury, for a discounted rate on NET.

The Treasury holds the reserves and computes the two numbers that everything keys off: RFV (risk-free value) and NAV (backing per token).

The reserve asset is USDG, and idle USDG earns yield in Morpho, capped at 70% of the treasury, with the remaining 30% kept liquid to cover bond payouts and buybacks.

On top of this is a gaming layer, pioneering the “RW-play” movement.

You basically have an Olympus-style reserve token as the base with tokenized-stock casino games as the revenue/attention engine on top.

3. @longbowlend

Longbow is the self-proclaimed “credit layer for Robinhood Chain.” Under the hood, it operates like your classic overcollateralized DeFi money market.

On Longbow, you can either lend USDG to earn interest from borrowers, or, and here’s the more fun part, you can borrow using any asset on Robinhood as collateral, whether that’s memecoins, RWA coins, or tokenized stocks.

It’s “long your longs” szn fellas.

The kicker is the BOW token, which users can stake to earn USDG from protocol revenue as well as borrow rebates and supply boosts.

4. @twofoldfi

Twofold is built around Uniswap V4’s DualPool mechanism to essentially make the same dollar earn money in two different ways: lending yield + DEX trading fees.

The concept is simple:

Traditionally, you have $100, you deposit $100 in a liquidity pool, and you earn trading fees. But that’s boring. Why have that $100 sit idle when it can be doing so much more?

When you deposit that $100 into a Twofold pool, the protocol has that $100 sit in a @Steakhousefi lending vault, earning yield.

When somebody makes a trade, that $100 temporarily leaves the vault to provide liquidity for the trade, collects the DEX fees, and goes straight back into the lending vault to earn yield.

Same dollar, more money.

Then you have the TWO token. The protocol takes a portion of the pool's profits and routes that revenue into the TWO staking vault, sharing revenue with TWO stakers.

5. @MancerXYZ

Mancer can be thought of as a DEX aggregator on steroids.

It offers a sleek interface with a bunch of advanced tools to make your onchain trading experience smoother. Limit orders, TP/SLs, recurring buys, and all that other good stuff. What really makes Mancer attractive is that it has a really good routing system, ensuring you always get the best execution.

Then you have the Mancer NFT and the MANCER token.

Mancer NFTs are priced in MANCER tokens. To be eligible for protocol revenue share, you need a Mancer NFT that is ‘activated.’ To activate it, you need to burn MANCER.

6. @Quotrons404

Quotron is a combination of tokenized stocks + NFTs + deflationary tokenomics to create a very intriguing system.

There are 4,444 Quotron NFTs. Each NFT is an individual terminal that constantly accumulates tokenized stocks, earning the user a sort of passive income. However, to start earning, the terminal needs to be activated.

To hardwire (create) a Quotron terminal, you need to burn 1 QUOTRON token. Once burned, that token never comes back into circulation.

So you have a choice: buy QUOTRON and try to trade it, or buy QUOTRON and commit. Burn the token and perpetually earn.

7. @Hookrfun

Hookr is a launchpad that uses Uniswap V4 hooks to allow creators to launch tokens with rules built directly into the trading pool.

Creators can encode rules like anti-snipe, surge fees, auto-burn, different styles of LP rewards, and so on.

Tied to this launchpad is the HOOKR token, which has two angles.

Trading fees from ETH-paired HOOKR launches earn fees that are routed to the protocol and used to buyback and burn HOOKR. The other aspect is allowing creators to pair their coin with HOOKR, which removes the fee taken by the protocol.

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8. @fablesfi

Fables is a DEX built using Uniswap V4 hooks specifically for efficient tokenized stock trading.

Since the price, volume, and general trading activity of tokenized stocks heavily depend on whether the stock market is open or closed, Fables has a dynamic fee system.

Rather than charging a standard 0.3%, Fables' fees spike when stock rises or volume upticks (to compensate LPs), and then drop once activity slows.

Currently, the protocol has the PROLOGUE token, and as the name suggests, it’s a placeholder token, it’s the prologue to the actual governance token, which will be launching soon, and PROLOGUE holders will be able to claim 1 for 1.

9. @StaticsProtocol

Statics is a sort of all-in-one financial infrastructure protocol on Robinhood.

The main aspect is that Statics lets you bundle multiple tokens into one fixed basket, then trade, borrow against, and earn fees from that basket. So, theoretically, you could have a basket of NVDA, AMC, APPL, and MSFT and get one BasketToken representing that bundle.

On top of this, you have other features like borrowing against your basket, a stablecoin (USDstx), and leveraged risk share products.

STATICS is the protocol's staking/rewards token. You can stake STATICS in a Position NFT and choose which reward assets you want to receive.

Statics has 5,555 "Operators" NFTs. They're effectively reserve-backed access/reward NFTs. Each circulating Operator represents 180,000 STATICS of gross backing, and Operators can be activated to increase their reward multiplier.

10. @ArrowFinanceio

Arrow Finance is another all-in-one DeFi app.

It has a lending facility where users can borrow aUSD against their crypto or tokenized stocks. There’s ArrowPad, which functions as the launchpad, and then there’s the aggregator, where people can swap any asset at the best available price.

The native token is ARROW, and its functionality comes from locking it for veARROW.

veARROW gives you voting power over things like:

• which assets can be used as collateral
• LTV ratios
• liquidation parameters
• fees
• how the surplus buffer is used
• oracle configuration

11. @shroom_network

Shroom acts as a liquidity layer of sorts for the Robinhood Chain.

Rather than making another DEX, Shroom simply provides all the liquidity with its native token SHROOM and pairs it with a whole bunch of tokenized stocks.

They collect the fees from these LPs, and the protocol autocompounds the fees to further deepen liquidity.

The ultimate idea is for the SHROOM token to represent protocol-owned liquidity for all tokenized stocks on the Robinhood Chain.

On top of this, SHROOM holders periodically receive MU stock rewards, and eventually, the idea is to use a portion of protocol revenue for buybacks/burns of the SHROOM token.

12. @ClutchMarkets

Stonkbroker is an interesting protocol that's currently on a tear.

At the heart of it is 4,444 ERC-6551 NFTs. Each NFT is like a little onchain brokerage account containing its own wallet.

This brokerage account comes with randomly seeded tokenized stocks, and you can also borrow against this NFT.

To earn more stock, you need to activate the ‘clock in’ system, which requires you to pay activation fees in the STONKBROKER token.

On top of this, STONKBROKER is used for:

• buy/sell Brokers on Anvil
• pay activation fees
• participate in the StonkBrokers ecosystem
• provide liquidity
• interact with the various Clutch financial products

On top of this, there’s a whole product suite.

• StonkBrokers - NFT + token-bound stock wallet
• Anvil - NFT AMM / trading / borrowing
• Clock In - tokenized-stock rewards
• Safety Deposit Box- LP locking
• Broker Box - tokenized-stock prize/gacha mechanism
• Stonk Launcher - token launchpad
• Stonk Exchange - vDEX / trading venue
• Leverage Machine - leveraged products

13. @orbiodotso

I know it's all been very stock and DeFi heavy, but of course, we have to have some AI in here.

Orbio lets you use models from OpenRouter through one API key.

Beyond this, and the more interesting part, is that Orbio acts like a marketplace for AI credits. Unused credits can be traded with others.

However, it’s the ORBIO token that really makes things interesting.

Holding ORBIO earns you AI credits.

If you hold at least 1,000 ORBIO, you receive a share of the fees generated by ORBIO trading. 1.5% is charged on every ORBIO trade, and 50% of that fee is converted into OpenRouter credits for qualifying holders.

That's effectively 0.75% of trading volume becoming AI credits.

So, people trade ORBIO, trading fees are generated, 50% of fees turn into OpenRouter credits, ORBIO holders receive credits, and can use these credits for any OpenRouter model.

It’s a credits marketplace with a token that turns trading fees into a subscription for AI compute.

14. @EARNONHOOD

The idea behind Earn is to make your tokenized stocks productive. You can now hold stocks plus earn an additional yield on your stock holdings.

Let’s take NVDA, for example.

Earn lets you put your NVDA + USDG into a managed liquidity vault. The protocol then has an intelligence system that always routes liquidity to the pool through which it will earn the most. It manages your liquidity for you while you own the stock and earn yield on it.

15. @PareStocks

Pare is like a Pendle competitor but on the Robinhood Chain, so instead of tokens, Pare divides a single tokenized stock into two separate things: the stock itself and its future dividends.

Think of owning 1 tokenized AAPL. Normally, the stock token bundles together:

AAPL price exposure + dividend exposure

PARE lets you split that into:

• pAAPL = the stock
• yAAPL = the future dividends

Together, they can always be merged back into 1 AAPL token.

This gives you more flexibility over strategy. Maybe you want discounted stock exposure, so you buy pAAPL, or maybe you just want dividend exposure, so you buy yAAPL.

To make this system efficient, Pare has a unique oracle system that essentially differentiates between “stock split” and “dividend payment” on the multiplier for tokenized stocks.

Eventually, fees generated by the protocol are used to buyback and burn PARE, so holders also get exposure to the protocol's upside.

Concluding thoughts

With things once again moving at lightning speed, we might have missed some interesting plays, so don’t get mad at us, but feel free to mention them below, and we’ll add them in future editions.

What matters most is that we finally have some life. No more rolling the dice on a cabal-bundled memecoin. It’s refreshing to see people actually build things again.

How long will this last? Only time will tell. But for now, it’s clear that users have been itching for this, and that itch seems far from being scratched.

Happy trading, DYOR, and stay safe.

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P.S. blocmates teamed up with Plasma to bring you this analysis. We leaned entirely on public info and docs, shaping them into easy to digest insights.

As always, we create our content to help you understand how things work and navigate the ecosystem better. That said, make sure you always DYOR.