HOOD Memecoin on Robinhood is on fire!

The memecoin ecosystem on @RobinhoodCrypto's Layer 2 blockchain continues to gain momentum, and $HOOD by TheGreenHood (@Greenonhood) is one of the latest tokens to capture traders' attention. According to CoinGecko, $HOOD surged over 150% in the past 24 hours, riding a broader rally across crypto markets. Since its launch in early September, the token is up more than 1,800% over two weeks.

A Memecoin Chain in the Making

Robinhood Chain was not built with memecoins in mind. Robinhood launched its own blockchain on July 1, 2026, with a pitch built around tokenized stocks, real-world assets, and 24/7 trading rails. But as has happened with other new chains, speculative traders arrived first. Despite Robinhood's positioning as a regulated venue for tokenized real-world assets, those assets account for only about $12.8 million on the chain, while memecoins dominate activity and market value.

CoinGecko data showed that memecoins represented about 79.2% of Robinhood Chain decentralized exchange volume on July 27, 2026. The trend has only intensified since. Value locked on the chain stood at around $929 million as of September 17, while DEX volume reached $1.88 billion in a single day on September 13. The memecoin launchpad Pons has also played a key role in driving activity: Pons generated about $5.95 million in fees over 24 hours in early September, with nearly 25,000 tokens launched on the platform in a single day as daily trading volume hit $544 million.

$HOOD Emerges From a Crowded Field

The Robinhood Chain memecoin space has been competitive since day one, with tokens like CASHCAT, Cash Dog, and Hoodrat all vying for trader attention. The chain has developed its own memecoin culture, driven by communities, viral narratives, and the constant search for the next breakout project. $HOOD, backed by TheGreenHood (@Greenonhood), is the latest to break out of that crowd, posting gains that far outpace most of its peers since launch.

As with all memecoin markets, the risks are significant. Prices can reverse as quickly as they rise, and scam tokens that vanish after purchase have drawn user complaints, leaving buyers with empty wallets and no recourse. Traders are advised to do their own research before participating.

Sources: CoinDesk: Robinhood built a blockchain for tokenized stocks, memecoins took over CoinDesk: A memecoin making app is driving millions in fees on Robinhood's new blockchain CryptoTicker: Robinhood Chain and the Memecoins: The Complete Guide (September 2026)