Robinhood Chain AMM Projects: 5 Emerging DEXs for Stock and Meme Token LPs

Original ｜ Odaily Planet Daily (@OdailyChina)

Author | Golem (@web3_golem)

Undoubtedly, the Robinhood Meme battlefield has gradually become “hotter”; the dual concentration of capital and attention has significantly increased the difficulty of the game, leaving ordinary individuals who cannot act faster and more sharply than the P kids with no choice but to be eliminated.

Fortunately, there are multiple ways to make money on Robinhood, and traders have discovered that providing liquidity to pairs of stock tokens and meme coins can be a profitable venture. This is because most of the popular or rapidly trending meme coins on Robinhood Chain are paired with stock tokens. The typical trading path for ordinary users on front-end aggregators is WETH → USDG → stock token → meme coin, and if users are trading on FOMO platforms, they may need to go through an additional step.

Meme coin trading demand is most susceptible to market sentiment; when a particular Meme suddenly goes viral, its underlying LP fees can spike instantly. Crypto KOL @0xanonnnn wrote, “Doing LP for Stock or LT pool memes on Uni V4 with high fee levels on Robinhood Chain can yield daily APYs of over 100,000%.” This shows that the returns from providing liquidity for stock tokens and popular Meme coins are not necessarily lower than chasing Meme coins directly.

Grouping LPs is a classic strategy in DeFi AMMs and is well known to experienced users. Since the launch of Robinhood Chain, Uniswap has quickly become the dominant AMM and liquidity infrastructure, with Uniswap V2, V3, and V4 accounting for over 90% of trading volume on Robinhood Chain. As a result, most users choose to group LPs on Uniswap.

However, in the Robinhood Chain ecosystem, several emerging AMM projects are gaining traction and attracting attention. Participating in early AMM projects offers the advantage of capturing “early miner rewards” and benefiting from potential future token launches and airdrops. Odaily Planet Daily will introduce five emerging AMM projects on Robinhood Chain in this article.

(Risk disclaimer: Players should consider and evaluate various “hidden” costs, such as impermanent loss for LPs, high price volatility of tokens, and risks associated with new protocols.)

up. is the native ve(3,3) trading and liquidity layer on Robinhood Chain, launched on July 11. The official token UP was issued at the same time, with a current market cap of $390 million and a total supply of 500 million tokens. However, this includes non-circulating tokens, with over half of the supply burned; the actual circulating supply at launch was only 20 million tokens, with approximately 1 million tokens released into circulation each week, resulting in a true circulating market cap of around $15 million.

As of the time of writing, up.'s total TVL reached $12.74 million, ranking 7th on Robinhood Chain. There are currently two pools with TVL exceeding $1 million: the UP/WETH liquidity pool has a TVL of $2.39 million, and the UP/STONKBROKER liquidity pool has a TVL of $1.64 million.

up. will return 100% of protocol revenue to UP holders. According to DeFiLlama data, up. is the third-highest protocol on Robinhood Chain in terms of token holder income generated over the past 30 days.

Fables is also a native ve (3,3) DEX on Robinhood Chain, launched on August 18. Unlike up., Fables introduces Hooks, which allow individual liquidity pools to have customized fee logic, enabling real-time adjustment of fee rates based on time and market conditions during trades.

Meanwhile, Fables has already issued a token called PROLOGUE, with a total supply of 1 billion tokens and a current market cap of $5.7 million. However, Fables has also announced its TGE, with the official governance token being FABLES, also with a total supply of 1 billion tokens. At the TGE, PROLOGUE can be exchanged for FABLES at a ratio of 40:1, and all creator fees generated from PROLOGUE trading to date will be rewarded to Fables LPs in the form of USDG.

According to official sources, up to 115 million tokens will be directly airdropped to the community at FABLES TGE. Fables has also launched a 6-week TGE program (August 24 to October 5), which will conclude with the FABLES TGE. The entire campaign offers 1 billion points, distributed daily, and all liquidity providers in Fables’ liquidity pools can earn points.

However, Fables did not specify whether the TGE will be listed on an exchange or merely involve on-chain token issuance.

As of the time of writing, the total TVL on the Fables platform has reached $4.3 million, with two pools exceeding $1 million in TVL: the ETH/USDG liquidity pool has a TVL of $1.97 million, and the GLD/USDG liquidity pool has a TVL of $1.34 million.

Ramses is a multi-chain AMM that has been live since 2023 and is one of the more well-known AMMs on Arbitrum; it has now been deployed on Robinhood Chain. Unlike up. and Fables, Ramses employs a pure V3 DLMM fee model on Robinhood Chain without ve governance.

Ramses has also issued a new token, RAM, on Robinhood Chain, with a current market cap of approximately $8 million. As of press time, the largest TVL pool on Robinhood Chain for Ramses is ETH/USDG, with a TVL of about $1 million.

Delta is the liquidity layer on Robinhood, launched on August 10. Delta uses a traditional AMM architecture, allowing users to add both bilateral and unilateral liquidity to token pairs, as well as directly deposit tokens into staking pools. Project teams automatically convert revenues into liquidity and reinvest it back into the pools. As of the time of writing, Delta’s total TVL has reached $1.37 million, with total fees amounting to $895,000.

Delta also issued the token DELTA, with a current market capitalization of approximately $16.8 million and a peak market capitalization of $38 million.

Ekubo is an AMM project established in 2023, previously active in the Starknet and Ethereum ecosystems, with a total TVL of $19 million on Starknet.

On July 31, Ekubo announced support for Robinhood Chain, allowing users to provide liquidity for tokens on this chain. However, Ekubo’s TVL on Robinhood Chain remains low at just $910,000, with the most popular liquidity pool being ETH/USDG, totaling $96,000 in TVL. This indicates that the project has not successfully gained traction on Robinhood Chain.