there are dips across the board on the Robinhood chain at the moment

this is expected considering the hype and attention the chain has had over the past few days

this is also very similar to what happened with Solana in the early days, before it really took off after it got its first serious wave of on-chain traction in 2023

i think Robinhood chain is here to stay:

- currently the strongest EVM chain based on key metrics
- has flipped Base in 24h DEX volume
- currently does over half of Solana's DEX volume
- has flipped Hyperliquid in daily volume

all in less than a month of its mainnet launch

if this were your average chain, it would be a different thing

but Robinhood is a publicly traded behemoth worth over $100 BILLION and the world's most significant retail trading platform with tens of millions of users

i think Robinhood chain is here to stay, and a lot of Robinhood-related projects will be trading in the billions and hundreds of millions in this new cycle

i've played with the chain a bit since launch: bought some tokens, sold some tokens, made money, lost money, etc

talk about a mix of degen plays and more high conviction plays!

i'm being very careful about talking about what i'm buying on the chain, however

that said, i feel a bit comfortable sharing my two highest conviction picks related to Robinhood chain right now

1. $JUGGERNAUT: this is my top memecoin pick on Robinhood chain because i believe it is currently the most asymmetric opportunity on the chain

Juggernaut is Vlad Tenev's (Robinhood founder) favorite meme, and he has confirmed this repeatedly... including with an engagement with an X user who asked if that was still his favorite meme the week of the Robinhood chain launch

i think the whole idea is quite memeable too

i bought a decent amount and will be holding and observing to see how things play out as the chain evolves

https://dexscreener.com/robinhood/0x588b0785f50063260003b7790c42f1ef74902746

2. $NOXA: this is my top utility pick related to the chain.

i say 'related' because it is currently not available on Robinhood chain itself, but rather on the obscure Debank chain where it launched first, prior to the Robinhood chain launching

Noxa is by far the biggest DEX and launchpad on the chain

it is currently generating over $2.5 million in fees daily, yet it is trading at a measly $7.8 million market cap

you can track the data here on Dune: https://dune.com/adam_tehc/noxa-fun

it is currently very under the radar, the only chatter i've seen about this is in a few trenches chat today — and since it is a weekend, very few people are paying attention

it's also incredibly difficult to buy, which i believe is one of the key factors that makes this such an asymmetric opportunity, especially once the friction with buying it is resolved

so how do you buy it?

1. bridge funds over to the Debank chain
2. doing #1 is a bit difficult since it's hard to find a bridge to the Debank chain, but users can bridge by sending ETH from ETHEREUM MAINNET to the Debank bridge contract. this ETH then gets sent back to them on the DeBank chain, from where it can be spent

Noxa has instructions on how to do this in a tweet on their X page: https://x.com/Noxa_Fi/status/1877066550315724940

NOTE: the above is very risky, and the risk of fund loss is very high, so make sure you triple-check the instructions on the Noxa tweet and send a very small test amount to confirm first

3. Noxa is very supportive of Rabby wallet, so you can use that to trade on the chain (that's what i used!)

4. use the bridged ETH to buy Noxa directly on the Debank chain using the Noxa DEX: https://dex.noxa.fi/#/swap?chainId=20240603&inputCurrency=NATIVE&outputCurrency=0x6778980c66bcd9A8F74D73BD1b608483c40E8DdE

again, the above steps are a bit complicated i know — but therein lies the opportunity

if you want to do this, i strongly recommend 1) carefully reading the instructions over and over again, 2) only buying a small, test amount first to make sure things work well

What will be utility of noxa?

dex token, liquidity for new launches (think like virtuals on base), staking (revenue share), probably farming (kinda like revenue share there too), locker fee paid in noxa/buyback noxa

stuff like that

basically, if I build a new piece of the puzzle to add to noxa ecosystem, it will revolve around noxa token somehow

that's NOXA on debank chain, however, since the dbk chain is now dead, we will migrate the token elsewhere

noxa is designed to be a multichain ecosystem

NOXA is the dex token, but also the token of the ecosystem as a whole

because I'm working on new features to add to the project

dex > locker > launchpad, even the token scanner I shared a screenshot about

so the plan is to have a full featured ecosystem of defi for degens, on day 1

and then colonize new hyped chains

hopefully before their official launch, with leaked bridge and rpc xD

AmunPhantom is NOXA's CEO, check https://telegram.me/Noxa_Fi

https://x.com/dontbuytops/status/2076300573440114754
(You can bridge by rabby wallet here also)

or you can easily bridge and buy here https://noxa.pons.family/

https://scan.dbkchain.io/tx/0xe3c9fdd6bda00f035625eba4980520680b99ad3edeeaf92ee7ab6ede445cc84c
(They recently sent 40% of NOXA supply to 0x00...00dead address(which is burn))

@fern, Robinhood’s Head of Product, recently followed NOXA. also

wtf..