Horizontal Review of Four Chain US Stock Tokens: BNB Chain, Robinhood Chain, Base, Solana The narrative of US stock Meme led by Robinhood has been hyped for over a month, but the development of US stock Meme varies from chain to chain. ·Why is Robinhood Chain's US stock Meme booming while Base's US stock Meme seems to have been relegated to obscurity? ·Why did BNB Chain give birth to phenomenal Memes like Niu Lai and Marscon, while Solana was next to them? The editor conducted research on the compliance path and ecological infrastructure of Robinhood, BNB Chain, Base, and Solana's US stock tokens with questions So, starting from the issuance methods of these four chains' respective US stock tokens, we can see why the same round of US stock Meme will ultimately yield completely different results. one ️⃣ BNB Chain In June 2026, Binance officially launched bStocks. BStocks is issued by BTech Holdings, with each variety corresponding to a real underlying stock and circulating on the BNB Chain. For each new bStock added, BTech Holdings needs to prepare issuance documents for the corresponding securities and obtain Prospect approval and Official List access from ADGM FSRA. After completing the regulatory process, Binance will officially launch the corresponding bStock. Currently, bStocks has launched 70 US stock tokens with a total market value of 687 million. Thanks to Binance's support, bStocks is currently the most valuable and liquid set of US stock tokens issued by several companies. But in terms of the gameplay of "US stock x Meme", BNB Chain is slightly slower than Robinhood, mainly stuck in two places: Number of US stock tokens Insufficient coverage of bStocks by Launchpad Currently, the two largest Launchpads on BNB Chain are Four Meme and Flap 1）Four Meme http://Four.meme Recently launched 4Stock, mainly to solve the problem of slow expansion speed of bStocks. US stocks like BNC, before the official launch of bStock, http://Four.meme You can first use the USDC submitted by the user to buy real stocks, and then mint 4Stock 1:1 based on the actual number of purchased shares; After bStock is launched in the future, it will support 1:1 conversion. 2）Flap Flap currently supports 22 bStocks as Meme pools, which is significantly more than the number http://Four.meme Therefore, popular US stock Memes such as "Niulai" and "MarsCoin" have also emerged, both of which have launched Binance contracts. On the Launchpad mechanism, Flap supports custom taxation and can also set a minimum position for dividend eligibility, making it naturally suitable for more gameplay around the US stock Meme. The biggest problem with BNB Chain now is that the launch speed of US stock tokens cannot keep up with the hype speed. Robinhood next door can quickly develop corresponding Memes with the launch of new stock tokens. Once a new hot spot appears in the US stock market, on chain Memes can also quickly follow up. but http://Four.meme The 4Stock launched may be able to fill this gap. BNC has verified the feasibility of this model, and if the speed of new releases can be maintained in the future, BNB Chain's US stock Meme is still worth paying attention to two ️⃣ Robinhood Chain In June 2025, Robinhood launched Stock Tokens for the first time, initially running on Arbitrarum; After the Robinhood Chain mainnet went live in July 2026, a new generation of US stock tokens was launched and officially circulated on Robinhood Chain. In terms of issuance, Robinhood first receives approval from the Liechtenstein FMA for a unified basic prospectus, and then only needs to release Final Terms for the corresponding subject when adding new stocks. Therefore, there is no need to re approve a complete Prospectus for each additional stock like bStocks. Currently, Robinhood Chain has launched 194 US stock tokens with a total market value of 158 million. Robinhood was also one of the earliest chains to truly drive the "US stock x Meme" movement. @Vladtenev has a relatively open attitude towards Robinhood Meme, and Robinhood has also launched some Robinhood Chain native assets one after another. As is well known, Robinhood has always been strict in its online review of Crypto assets, so every time a native asset on the chain enters Robinhood, it is also easy to attract additional attention and buying. Here we have to mention the two major Launchpads of Robinhood Chain: Pons and Long. The mechanism of Launchpad often determines the gameplay of assets and also affects the direction of speculation in the entire ecosystem. Pons @ Ponsdotfamily: Currently the largest Launchpad on Robinhood Chain. The platform is divided into V1/V2. V1 mainly launches Meme, while V2 supports US stock token allocation pools. Creators can receive 70% of the transaction fee income. Long @ longdotxyz: The number of supported US stock tokens is slightly more than Pons, and Ticker is unique and cannot be duplicated once created. The platform does not support built-in Dev Buy and does not reserve initial tokens for creators. Due to the different issuance methods of Robinhood's US stock tokens compared to other companies, it has a slightly faster issuance speed and an advantage in the number of US stock tokens. This is also an important reason for Robinhood's stronger performance in this round of US stock Meme market. three ️⃣ Base Chain In July 2026, the B20 standard will be implemented on the Base main network; In August, Coinbase officially launched US stock tokens, including AAPL, GOOGL, META, NVDA, and circulated on the Base in the form of B20 tokens. Its expansion method is similar to bStocks: for each new variety added, a Prospectus needs to be submitted to ADGM FSRA for the corresponding Certificate, and it will be officially issued after approval. Currently, Base Chain has launched 10 US stock tokens with a total market value of 12 million. Although Base's US stock tokens follow a similar regulatory channel as bStocks, their launch speed is significantly slower, indicating that this compliance path is still in the early stages of adjustment. Therefore, the scale of Base's US stock tokens is significantly lagging behind several other chains, and the US stock Meme has not yet formed a significant wealth effect. Due to the limited number of underlying assets, Base's Launchpad is also difficult to utilize. O1 currently supports 10 US stock tokens already issued by Base, and even extends to Robinhood Chain. It should be one of the Launchpads with the most support for US stock tokens on Robinhood Chain, and many US stock Memes on the platform have performed well. In addition to O1, Base has also developed innovative platforms such as @ Stonks_Exchange and @ BaseStonk, mainly focusing on micro innovations in mechanisms such as rates and dividends. So the biggest problem with Base currently is the number of US stock tokens. Even if the integration speed of Launchpad is fast enough and the underlying assets are not rich enough, the expansion of the ecosystem is still limited. At present, the dividends of Base may be more concentrated on the Launchpad Token itself. four ️⃣ Solana Solana is different from the other three chains in that it currently does not have a "self issued" US stock token system and mainly uses third-party issued xStocks. In June 2025, xStocks was the first to launch Solana, bringing in over 60 US stocks and ETFs. XStocks is issued by Backed, and each token is supported 1:1 by the corresponding underlying stock. So Solana took another route ⬇️ Stonk Fun is Solana's newly launched Launchpad. What they are thinking is that since there are no native US stock tokens, they might as well expand more assets as a bottom pool. Stonk Fun supports many asset types, including ZEC, HYPE, TAO, etc., and basic popular Crypto assets can be used for pool allocation. Although Solana is not particularly outstanding on the Meme line of the US stock market, its advantage lies in a wider range of assets. For example, ZCat borrowed ZEC's hot topics and imported external asset heat into the platform for trading. However, based on current performance, the real US stock Meme within the platform is still relatively average. In conclusion Looking at the four chains together, you will find that the Meme market in the US stock market is not as random as it appears on the surface. The compliance path determines the speed of product expansion, which in turn determines the number of assets that can be traded. Launchpad and liquidity then determine whether these assets can truly form a Meme market. The problem encountered by Base and BNB Chain is the speed of product expansion, and BNB Chain has already solved this problem through infrastructure construction. Base has made slow progress on such issues, with compliance reviews for all four targets stuck for half a month. It is estimated that other companies have finished speculating on the market Solana is a top player in both infrastructure and ecosystem development. However, due to the deviation in Solana's official direction selection, Solana still does not have a decent US stock Meme, and Pump Fun only launched stock trading pairs today. Yesterday, PONS and other US stock Meme related tokens began to rebound, but I am more inclined to believe that this round of market trend is only the end of the first stage, rather than the end of the entire narrative. ⭐ At present, only "star stocks" have been launched, but listing stocks on the chain will be the trend. In the future, when ETFs, commodities, and even more traditional assets can be quickly moved on the chain, Meme's bottom pool will become larger and the focus of competition between chains will also shift upwards Different assets lead to different directions of speculation in the end. Today is the US stock market Meme, tomorrow may be the ETF Meme, commodity Meme, and even more traditional asset on chain gameplay. What is truly worth paying attention to next is the expansion speed of various blockchain US stock tokens. Whoever can move more real-world assets onto the chain faster will have a better chance of taking on new market hotspots first and further influencing the direction of on chain speculation in the next stage 。