# Robinhood Chain — X 热门讨论 (2026-09-28 08:45 UTC)

## @WorldOfMercek (Mercek) · 09-27 21:23 · ♥169 ↻13 💬91 RWA is getting big enough that looking at it as one market is starting to hide what’s actually happening underneath.

Ethereum still dominates by value. Around $16.6B in distributed RWAs, compared with $5.7B on BNB Chain, $4.35B on Solana and $3.38B on Stellar.

So at first glance, not much to debate. Ethereum is still way ahead.

Then you look at how many different RWA assets actually sit on each chain and the picture gets weird.

Arbitrum has 7,083.

Solana has 3,098.

Ethereum has 2,871.

BNB Chain has 2,561.

And Stellar has just 72.

That’s probably the part that surprised me most.

Arbitrum has more than twice as many RWA assets as Ethereum, but only around $1.03B in distributed value.

Stellar is basically the opposite. Only 72 assets, yet around $3.38B in value.

So “more RWAs” clearly doesn’t mean “more money.”

Some chains are filling up with thousands of smaller assets. Others have far fewer, but the individual issuances are much larger.

You can almost see the personality of each network in the data.

Ethereum is where the big value still sits.

Arbitrum has the widest variety.

Stellar is carrying a surprisingly large amount of value with almost no asset count compared with the others.

Solana sits somewhere in the middle and has another thing going for it right now: flows.

Over the last 30 days, Solana saw roughly +$192M in net RWA flows.

Stellar: +$147M.

Robinhood: +$122M.

Arbitrum: +$68M.

Meanwhile Ethereum was -$896M and BNB Chain was -$256M over the same window.

The Ethereum number obviously looks dramatic, but I wouldn’t read one month and suddenly say the RWA market is leaving Ethereum. Its existing base is still much bigger than everyone else.

What it does tell us is where the fresh activity has been showing up lately.

And right now that’s more on Solana, Stellar, Robinhood and a few of the smaller networks.

This is why I’m starting to think RWA probably won’t end up being a simple winner-takes-all chain narrative.

Different networks may just end up winning different parts of the market.

Ethereum can remain the home for the largest pools of value while other chains win on asset count, speed, issuance activity or specific types of RWAs.

That’s much more interesting to me than asking which chain is “the RWA chain.”

If the same flow pattern is still there a few months from now, then it becomes a much bigger story.

For now, it’s a pretty good snapshot of how quickly the market underneath RWA is starting to split into different lanes. https://x.com/WorldOfMercek/status/2104321149274608105

## @Bitwux (BITWU.ETH 🔆) · 09-28 03:15 · ♥79 ↻15 💬34 这两天 Robinhood Chain 爆出来的这个事情，我觉得还是蛮值得关注的！

分析师 Wazz 曝光，同一操作方在 7 月 10 日至 9 月 21 日期间，疑似通过 Robinhood Chain 连续做了 53 次代币发行，搞走至少 1843 万美元。

事情大概是这样的——

Pons V2 为了防机器人，开盘最初几秒对普通买家征收最高 99% 的 snipe tax，但项目创建者可以提前给一批钱包免税。

1⃣于是这组人每次发币前，先准备几十个关联钱包，把它们加入免税名单；

2⃣代币一上线，这些钱包就在一两个区块里把 bonding curve 大量扫走，最后项目方和关联钱包往往能控制 80% 以上筹码。

3⃣等外部用户进来以后，再开始卖，赚的钱继续流向下一个项目。

Wazz 就是顺着这条资金链，把 45 个 launch 串到了一起，再通过共用私钥、收款地址等信息，把总数扩到了 53 个。

他娘的，所谓 Fair Launch，最后变成了定向配售，完完全全的老鼠仓。

感觉 Pons 要重视一下这个问题了，这完全可以举一反三，不知道开盘前公开豁免名单或者强制持仓上限有没有作用。 > 引用 @WazzCrypto: I just uncovered the biggest serial Rugpulling and Extraction operation on Robinhood

The same operation is linked 53 launches within a 2 month period

Total Extracted: $18.43 MILLION

very likely more this is just what I could directly link

🧵 https://t.co/BSxZL9wU44 https://x.com/Bitwux/status/2104409754412134625

## @only_son_twitte (ᴄʜɪ_ᴄʀʏᴘᴛᴏ) · 09-28 06:16 · ♥88 ↻2 💬40 gm 𝕏

Happy new week

$lute — the token you lock so the swap fees come back to you.

@alandalexyz on Robinhood Chain. 100% of fees to veLUTE voters. https://t.co/fNQvGfq6Ah https://x.com/only_son_twitte/status/2104455131815125396