{
  "edition": "2026-10",
  "published": "2026-10-05",
  "dataAsOf": "2026-10-05",
  "snapshotHash": "sha256:6bc0b53b8773ed1e7f14448bfa42eb3ce2e38ba9f570aa3c4b58e0895178c3dc",
  "houseWeights": {
    "asset": 0.3,
    "traction": 0.25,
    "transparency": 0.2,
    "compliance": 0.15,
    "durability": 0.1
  },
  "disclosures": [
    "Edition 01 was re-frozen on 5 October 2026, before launch, after an evidence review of every venue. No earlier version was announced.",
    "Figures are DefiLlama's for the last complete day before the cut, counting only each venue's Robinhood Chain activity. Long.xyz and Factory New are not tracked there, so their figures show as not published; Long.xyz's record quotes a DexScreener 24-hour reading instead, outside the snapshot.",
    "Launch counts and stock-pairing shares for Long.xyz and Pons were counted from their factories' event logs on Robinhood Chain up to block 80,788,317 (5 October 2026), with scripts/launch-scan.ts.",
    "Contract addresses come from DefiLlama's adapter source and Mobula's integration docs, and were checked on the Robinhood Chain explorer on 5 October 2026.",
    "o1.exchange is on the watchlist: its launchpad is live on Robinhood Chain, but no stock pairing was found, so it is not admitted.",
    "No venue paid for inclusion, placement or removal. There are no affiliate links in this edition."
  ],
  "corrections": [],
  "venues": [
    {
      "id": "pons",
      "name": "Pons",
      "chain": "robinhood-chain",
      "resident": true,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 1,
      "veracity": 590,
      "band": "14k",
      "thesis": "The busiest launchpad on the chain by far. Six in ten launches pair with ETH; fewer than three in ten pair with a stock.",
      "scores": {
        "asset": 4,
        "traction": 9,
        "transparency": 7,
        "compliance": 3,
        "durability": 6
      },
      "rationale": {
        "asset": "Of the 671,162 launches on its v2 factory from 3 Aug to 5 Oct 2026, 29.1% pair with a Robinhood Stock Token (63 tickers, led by NVDA and SPCX) and 59.5% with ETH (factory event logs). Its docs describe WETH pools only. A real asset stands behind under a third of launches.",
        "traction": "Largest launchpad on the chain: about 60% of launchpad volume on 1 Sep 2026 (Bitget Academy), $12.7M volume and $877K fees on 4 Oct 2026 (DefiLlama), and 671,162 v2 launches in nine weeks.",
        "transparency": "PonsLaunchFactory, PonsLaunchLocker, PonsV2LaunchFactory, the v2 launch router and the v4 hook are verified and not upgradeable. Operated by Pons Labs, with public docs. A legacy factory is unverified.",
        "compliance": "Launchpad terms only. No prospectus or licence cited. Protocol fees fund buybacks of its own PONS token.",
        "durability": "Live since early July 2026 and kept running through the chain disruption of 4 Sep 2026."
      },
      "pairing": {
        "assetType": "tokenized-equity",
        "custodian": "Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities",
        "jurisdiction": "Lithuania (Bank of Lithuania)",
        "redeemable": false,
        "verifiability": "attestation"
      },
      "metrics": {
        "cumulativeVolumeUsd": 2773286370,
        "dailyVolumeUsd": 12723070,
        "fees24hUsd": 877056,
        "tvlUsd": null,
        "sourceIds": [
          "defillama"
        ],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "factory",
          "address": "0xA5aAb3F0c6EeadF30Ef1D3Eb997108E976351feB",
          "verified": true
        },
        {
          "label": "locker",
          "address": "0x736D76699C26D0d966744cAe304C000d471f7F35",
          "verified": true
        },
        {
          "label": "factory v2",
          "address": "0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e",
          "verified": true
        },
        {
          "label": "v4 hook",
          "address": "0xE5e702641Ea86F4ae6cC3cDaeD2B886f976Be044",
          "verified": true
        },
        {
          "label": "v2 launch router",
          "address": "0xe33E9E479dF8802cb0866d5d05258bEc4cF62948",
          "verified": true
        },
        {
          "label": "legacy factory",
          "address": "0x0c37a24F5D23A486FA692d1500881d698B1F77a4",
          "verified": false
        }
      ],
      "links": {
        "site": "https://www.ponsfamily.com",
        "docs": "https://docs.ponsfamily.com"
      },
      "facts": [
        [
          "671K",
          "launches on the v2 factory, 3 Aug to 5 Oct 2026 (factory event logs)"
        ],
        [
          "29.1%",
          "of those launches paired with a Robinhood Stock Token; 59.5% with ETH"
        ],
        [
          "~60%",
          "of Robinhood Chain launchpad volume on 1 Sep 2026 (Bitget Academy)"
        ],
        [
          "1%",
          "trading fee: 70% to the creator, 30% to the protocol (AirdropAlert)"
        ]
      ]
    },
    {
      "id": "stonkfun",
      "name": "StonkFun",
      "chain": "solana",
      "resident": false,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 2,
      "veracity": 590,
      "band": "14k",
      "thesis": "A Solana launchpad whose stock pairs use xStocks, tokens backed one to one by real shares in custody.",
      "scores": {
        "asset": 6,
        "traction": 8,
        "transparency": 5,
        "compliance": 4,
        "durability": 5
      },
      "rationale": {
        "asset": "Stock pairs use xStocks such as SPYx, issued by Backed Assets (JE) Ltd and backed 1:1 by shares at Alpaca Securities (Nansen). Memecoin holders get exposure, not a claim on the shares (Blocmates). It also pairs with crypto and its own tokens.",
        "traction": "$17.3M volume and $577K fees on 4 Oct 2026, up from $10.1M and $298K the day before, and $824M cumulative (DefiLlama). Strong for its age, but on Solana, not Robinhood Chain.",
        "transparency": "Tracked by DefiLlama with a public site. No operator is named and no program addresses have been checked here.",
        "compliance": "The xStocks issuer is registered in Jersey. The launchpad itself cites no licence. 60% of fees buy and burn its STONK token.",
        "durability": "Launched in early August 2026. Survived one hype cycle and integrated Raydium LaunchLab in September."
      },
      "pairing": {
        "assetType": "tokenized-equity",
        "custodian": "Backed Assets (JE) Ltd (issuer); shares at Alpaca Securities",
        "jurisdiction": "Jersey (JFSC)",
        "redeemable": false,
        "verifiability": "attestation"
      },
      "metrics": {
        "cumulativeVolumeUsd": 823962052,
        "dailyVolumeUsd": 17285543,
        "fees24hUsd": 577372,
        "tvlUsd": null,
        "sourceIds": [
          "defillama"
        ],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "STONK token",
          "address": "6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx",
          "verified": false
        },
        {
          "label": "lock program",
          "address": "LockrWmn6K5twhz3y9w1dQERbmgSaRkfnTeTKbpofwE",
          "verified": false
        },
        {
          "label": "operator",
          "address": "5CEbueQnq1Ym2uSSx2xXds3jQAqT1BDnkA59RZobSPAG",
          "verified": false
        }
      ],
      "links": {
        "site": "https://www.stonkfun.xyz",
        "docs": null
      },
      "facts": [
        [
          "$824M",
          "cumulative volume to 4 Oct 2026 (DefiLlama)"
        ],
        [
          "60%",
          "of trading fees buy and burn STONK (Blocmates)"
        ]
      ]
    },
    {
      "id": "long-xyz",
      "name": "Long.xyz",
      "chain": "robinhood-chain",
      "resident": true,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 3,
      "veracity": 550,
      "band": "9k",
      "thesis": "Sold as stock-paired, but on-chain only half its launches trade against a Robinhood Stock Token. The rest pair with ETH, stablecoins, memecoins and leveraged tokens.",
      "scores": {
        "asset": 5,
        "traction": 7,
        "transparency": 5,
        "compliance": 5,
        "durability": 5
      },
      "rationale": {
        "asset": "Of its 72,224 launches from 13 Jul to 5 Oct 2026, 50.4% pair with a Robinhood Stock Token, falling to 41.0% on the current factory since 6 Sep (factory event logs). The rest pair with ETH (11%), USDG, the AI memecoin and leveraged tokens, so the claim that every token is stock-paired (MEXC Learn) does not hold. Stock Tokens are derivatives issued by Robinhood Europe, UAB; holders cannot redeem for the share.",
        "traction": "Second-largest launchpad: about 25% of Robinhood Chain launchpad volume on 1 Sep 2026 (Bitget Academy) and 72,224 launches since 13 Jul. Not tracked by DefiLlama. DexScreener read $4.8M of 24h volume and $29.6M of liquidity across 676 pools of its launches at 13:05 UTC on 5 Oct 2026; the busiest pools quote USDG and the AI memecoin, not stocks.",
        "transparency": "On 6 Sep 2026 launches moved to an upgradeable proxy; its LongLaunchFactory implementation is verified on Blockscout, and the first launcher was paused on 10 Sep. Upgradeable code can change without notice. Its site and docs block automated checks, and only a co-founder is publicly named.",
        "compliance": "Leans on the issuer: Stock Tokens are issued under MiFID II by a Bank of Lithuania-regulated entity. The venue itself cites no licence.",
        "durability": "Live since 13 Jul 2026, and kept launching through its September factory migration. Its core is now upgradeable and depends on the shared Airlock and Uniswap v4."
      },
      "pairing": {
        "assetType": "tokenized-equity",
        "custodian": "Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities",
        "jurisdiction": "Lithuania (Bank of Lithuania)",
        "redeemable": false,
        "verifiability": "attestation"
      },
      "metrics": {
        "cumulativeVolumeUsd": null,
        "dailyVolumeUsd": null,
        "fees24hUsd": null,
        "tvlUsd": null,
        "sourceIds": [],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "factory (upgradeable proxy)",
          "address": "0x1Eef016F22A943abC7DD11422EDeE9D235942104",
          "verified": true
        },
        {
          "label": "factory implementation",
          "address": "0x7B7b87fd1Fb05864cD572C7306038552286c73d9",
          "verified": true
        },
        {
          "label": "first launcher (paused)",
          "address": "0x22e99278308b393ea1260859b181ad7e78f5eeed",
          "verified": true
        },
        {
          "label": "airlock",
          "address": "0xeb7c034704ef8dcd2d32324c1545f62fb4ad0862",
          "verified": true
        }
      ],
      "links": {
        "site": "https://long.xyz",
        "docs": "https://docs.long.xyz"
      },
      "facts": [
        [
          "72K",
          "launches, 13 Jul to 5 Oct 2026 (factory event logs)"
        ],
        [
          "50.4%",
          "of those launches paired with a Robinhood Stock Token; 41.0% since 6 Sep"
        ],
        [
          "$4.8M",
          "24h volume across 676 pools, 13:05 UTC on 5 Oct 2026 (DexScreener)"
        ],
        [
          "~25%",
          "of Robinhood Chain launchpad volume on 1 Sep 2026 (Bitget Academy)"
        ]
      ]
    },
    {
      "id": "bankr",
      "name": "Bankr",
      "chain": "robinhood-chain",
      "resident": true,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 4,
      "veracity": 535,
      "band": "9k",
      "thesis": "An AI trading assistant that can quote launches in any of 90+ Stock Tokens. The stock pairing is optional.",
      "scores": {
        "asset": 5,
        "traction": 5,
        "transparency": 7,
        "compliance": 4,
        "durability": 6
      },
      "rationale": {
        "asset": "Since 20 Jul 2026 launches can be quoted in Robinhood Stock Tokens across 90+ equities and ETFs (Crypto Briefing), but stock pairing is optional.",
        "traction": "97,058 of the 189,413 Doppler launches on Robinhood Chain by 30 Sep 2026 were Bankr's (DefiLlama adapter notes). Fees on the chain were $2.7K on 4 Oct 2026 (DefiLlama).",
        "transparency": "Named team, public docs, two audits listed on DefiLlama. Launches go through the shared Doppler contracts rather than its own.",
        "compliance": "No licence cited for stock-paired launches.",
        "durability": "Running on Base since 2025 and on Robinhood Chain since July 2026."
      },
      "pairing": {
        "assetType": "tokenized-equity",
        "custodian": "Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities",
        "jurisdiction": "Lithuania (Bank of Lithuania)",
        "redeemable": false,
        "verifiability": "attestation"
      },
      "metrics": {
        "cumulativeVolumeUsd": null,
        "dailyVolumeUsd": null,
        "fees24hUsd": 2676,
        "tvlUsd": null,
        "sourceIds": [
          "defillama"
        ],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "fee hook",
          "address": "0x6f02324d20cc679d0e585290caa6b16bacbc0f77",
          "verified": true
        },
        {
          "label": "fee hook (Safe share)",
          "address": "0x9982538f41f2ae29ddb9d3d9307010052984fdbb",
          "verified": true
        }
      ],
      "links": {
        "site": "https://bankr.bot",
        "docs": "https://docs.bankr.bot"
      },
      "facts": [
        [
          "97,058",
          "launches on Robinhood Chain by 30 Sep 2026 (DefiLlama adapter notes)"
        ],
        [
          "90+",
          "Stock Tokens available as quote assets (Crypto Briefing)"
        ]
      ]
    },
    {
      "id": "pair",
      "name": "PAIR",
      "chain": "robinhood-chain",
      "resident": true,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 5,
      "veracity": 495,
      "band": "9k",
      "thesis": "Pairs each launch with a basket of up to five Robinhood Stock Tokens. Strong design, but trading has almost stopped.",
      "scores": {
        "asset": 7,
        "traction": 2,
        "transparency": 6,
        "compliance": 5,
        "durability": 4
      },
      "rationale": {
        "asset": "Every token trades from its first block against a basket of up to five canonical Robinhood Stock Tokens, in permanently locked Uniswap v4 markets (PAIR launch release).",
        "traction": "Passed $26M volume in its first five days after 26 Aug 2026, but fees were $9 on 4 Oct 2026 (DefiLlama).",
        "transparency": "Launchpad and v4 locker are verified on Blockscout. The launchpad is an upgradeable proxy, so its code can change.",
        "compliance": "Relies on the Stock Token issuer for regulated status. Announced an AWS partnership; no licence cited.",
        "durability": "Live since 26 Aug 2026 with an upgradeable core."
      },
      "pairing": {
        "assetType": "tokenized-equity",
        "custodian": "Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities",
        "jurisdiction": "Lithuania (Bank of Lithuania)",
        "redeemable": false,
        "verifiability": "attestation"
      },
      "metrics": {
        "cumulativeVolumeUsd": null,
        "dailyVolumeUsd": null,
        "fees24hUsd": 8.71,
        "tvlUsd": null,
        "sourceIds": [
          "defillama"
        ],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "launchpad (upgradeable proxy)",
          "address": "0x8660A7F019C7943b0b0A91B8E39AFf3b6DB6Ae62",
          "verified": true
        },
        {
          "label": "v4 locker",
          "address": "0xeFcF476E8870fB3eb8680f039414fdcCE6C2a117",
          "verified": true
        }
      ],
      "links": {
        "site": "https://pair.fund",
        "docs": null
      },
      "facts": [
        [
          "$26M",
          "volume in the first five days after launch on 26 Aug 2026 (PAIR)"
        ],
        [
          "5",
          "Stock Tokens at most in one launch basket"
        ]
      ]
    },
    {
      "id": "flap",
      "name": "Flap",
      "chain": "robinhood-chain",
      "resident": true,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 6,
      "veracity": 470,
      "band": "9k",
      "thesis": "Pairs launches with a stock and pays that stock out to holders. Large on BNB Chain, small on Robinhood Chain.",
      "scores": {
        "asset": 6,
        "traction": 2,
        "transparency": 6,
        "compliance": 4,
        "durability": 6
      },
      "rationale": {
        "asset": "Its Stocks Vault pairs a memecoin with a tokenized stock and pays that stock to holders as dividends (AirdropAlert). Exposure, not ownership of the share.",
        "traction": "On Robinhood Chain: $13K volume and $2.6K fees on 4 Oct 2026, with $94K TVL (DefiLlama). Almost all its activity is on BNB Chain.",
        "transparency": "Its Robinhood Chain portal is verified on Blockscout but is an upgradeable proxy. Public docs.",
        "compliance": "No licence cited.",
        "durability": "Running since January 2024 on BNB Chain, on Robinhood Chain since 8 Jul 2026."
      },
      "pairing": {
        "assetType": "tokenized-equity",
        "custodian": "Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities",
        "jurisdiction": "Lithuania (Bank of Lithuania)",
        "redeemable": false,
        "verifiability": "attestation"
      },
      "metrics": {
        "cumulativeVolumeUsd": 66220652,
        "dailyVolumeUsd": 13135,
        "fees24hUsd": 2608,
        "tvlUsd": 93902.30667,
        "sourceIds": [
          "defillama"
        ],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "portal (upgradeable proxy)",
          "address": "0x26605f322f7fF986f381bB9A6e3f5DAb0bEaEb09",
          "verified": true
        }
      ],
      "links": {
        "site": "https://flap.sh",
        "docs": "https://docs.flap.sh"
      },
      "facts": [
        [
          "8 Jul 2026",
          "first day on Robinhood Chain (DefiLlama adapter)"
        ],
        [
          "$94K",
          "TVL on Robinhood Chain on 5 Oct 2026 (DefiLlama)"
        ]
      ]
    },
    {
      "id": "pools-trade",
      "name": "Pools.trade",
      "chain": "robinhood-chain",
      "resident": true,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 7,
      "veracity": 470,
      "band": "9k",
      "thesis": "Uniswap Labs' own launchpad: the most transparent venue here, with no stock behind its pairs.",
      "scores": {
        "asset": 1,
        "traction": 4,
        "transparency": 9,
        "compliance": 6,
        "durability": 7
      },
      "rationale": {
        "asset": "Tokens launch into Uniswap v4 pools with a fixed supply of one billion (Uniswap). No stock-token pairing was found, so nothing real backs the pair.",
        "traction": "$6.9K fees on 4 Oct 2026 (DefiLlama). Live since 30 Jul 2026.",
        "transparency": "Built and named by Uniswap Labs, on Uniswap's verified UERC20Factory and PoolManager, with public support docs.",
        "compliance": "A known US company with published terms. It makes no securities claim because it pairs no securities.",
        "durability": "Runs on Uniswap's core contracts with permanently locked liquidity."
      },
      "pairing": {
        "assetType": "none",
        "custodian": null,
        "jurisdiction": null,
        "redeemable": false,
        "verifiability": "none"
      },
      "metrics": {
        "cumulativeVolumeUsd": null,
        "dailyVolumeUsd": null,
        "fees24hUsd": 6947,
        "tvlUsd": null,
        "sourceIds": [
          "defillama"
        ],
        "asOf": "2026-10-05"
      },
      "contracts": [
        {
          "label": "token factory",
          "address": "0x000000e200088d55c39a11f609e5f667729ad49b",
          "verified": true
        },
        {
          "label": "v4 pool manager",
          "address": "0x8366a39cc670b4001a1121b8f6a443a643e40951",
          "verified": true
        }
      ],
      "links": {
        "site": "https://pools.trade",
        "docs": "https://support.uniswap.org/hc/en-us/articles/47943121516685-Launching-and-trading-tokens-on-pools-trade"
      },
      "facts": [
        [
          "1B",
          "fixed supply for every launch (Uniswap)"
        ],
        [
          "0.25%",
          "LP fee, no extra launchpad fee (Uniswap)"
        ]
      ]
    },
    {
      "id": "factory-new",
      "name": "Factory New",
      "chain": "solana",
      "resident": false,
      "status": "active",
      "struckDate": null,
      "admittedEdition": "2026-10",
      "rank": 8,
      "veracity": 220,
      "band": "below-hallmark",
      "thesis": "Now a Solana memecoin launcher whose fees buy game skins for a public reserve. No stock anywhere.",
      "scores": {
        "asset": 2,
        "traction": 2,
        "transparency": 3,
        "compliance": 2,
        "durability": 2
      },
      "rationale": {
        "asset": "Fees buy CS2 and Dota 2 skins for a public Steam reserve (Factory New site). Collectibles, not stock, and the reserve is not tied to any single token.",
        "traction": "Not tracked by DefiLlama; no figure is published.",
        "transparency": "Public site describing the fee split. No operator named, no contracts checked.",
        "compliance": "Nothing cited.",
        "durability": "Has moved from Robinhood Chain to Solana. Too young to judge."
      },
      "pairing": {
        "assetType": "collectible",
        "custodian": "Public Steam reserve (operator-held)",
        "jurisdiction": null,
        "redeemable": false,
        "verifiability": "public-inventory"
      },
      "metrics": {
        "cumulativeVolumeUsd": null,
        "dailyVolumeUsd": null,
        "fees24hUsd": null,
        "tvlUsd": null,
        "sourceIds": [],
        "asOf": "2026-10-05"
      },
      "contracts": [],
      "links": {
        "site": "https://factorynewpad.fun",
        "docs": null
      },
      "facts": [
        [
          "3.125%",
          "trading fee, of which 2.5% buys skins (Factory New)"
        ]
      ]
    }
  ]
}