NOXA halted new token creation on July 11, shortly after reaching peak revenue on the Robinhood Chain Layer-2 network. The platform generated about $12 million in protocol fees within two weeks and reported daily fees peaking at $1.94 million on July 13.
Rapid Rise and Sudden Shutdown
Launched on July 10, NOXA quickly surpassed Pump.fun by processing nearly 60,000 tokens and attracting over 293,000 active addresses, capturing approximately 75% of new token issuance on Robinhood Chain. Its flagship memecoin Cash Cat ($CASHCAT) reached a $200 million market cap within a week.
Unlike Pump.fun’s bonding curve model, NOXA utilized single-sided Uniswap V3 pools with liquidity locked from the start, enabling immediate trading and bot accessibility. This approach contributed to its swift growth in daily revenue and market presence.
However, the platform unexpectedly stopped token issuance on July 11. Two days later, its main domain went offline amid claims that the registrar seized or resold the URL. On July 15, NOXA resurfaced via an Ethereum Name Service-hosted fallback portal.
Following the relaunch, NOXA abandoned its share of trading fees, directing 100% of future secondary trading revenue to token creators, effectively dismantling its original business model.
