Robinhood Chain Launchpad NOXA Daily Protocol Fees Reach $2.33 Million
According to DefiLlama data, the protocol fees for NOXA on the Robinhood Chain Launchpad platform reached $2.33 million yesterday, while Pump.fun's protocol fees were $575,500. NOXA's fees are significantly ahead. In market dynamics, retail investors and meme project participants have become the main buyers, benefiting the Launchpad platform from the trading frenzy, leading to capital inflow into the Robinhood Chain ecosystem, increased ETH Gas consumption, and pressure on competing platforms.
Source: Public Information
ABAB AI Insight
Robinhood Chain, launched as an L2 by a TradFi platform, previously attracted traffic through ETH Gas design, with NOXA and other Launchpads rapidly rising, continuing the popularity of memes and fair launches on L2. In terms of capital flow, the platform captures trading activity through high fees, directing resources towards liquidity and project incentives, motivated by the goal of rapidly increasing TVL and fee income using Robinhood's user base, creating a flywheel effect driven by the Launchpad. Similar to the early explosion of Pump.fun on Solana, Robinhood Chain is currently in an expansion phase of meme season and Launchpad competition. Essentially, this is a reconstruction of the industry chain: Launchpad platforms concentrate user attention and funds through high fee mechanisms, accelerating the issuance of meme projects and the formation of on-chain liquidity, reshaping the way retail investors participate in crypto and strengthening the local economic cycle of L2.
ABAB News · Law of Cognition
- High fees often signify high popularity and attention capture.
- TradFi traffic plus L2 mechanisms lead to natural Launchpad revenue.
- The stronger the meme craze, the more platform fees become the new oil.