Long launched LongX on Robinhood Chain on September 1, introducing ERC-20 tokens that package leveraged stock positions from Lighter. Its first product, NVDA 3x Long (NVDAx3L), tokenizes a 3x leveraged NVIDIA position and debuted alongside the DEMOTHREE/NVDAx3L demo trading pair. At press time, DEMOTHREE reached a peak market cap of $6 million with about $3.2 million in trading volume. The launch coincided with continued gains in AI (Artificial Inu), the first NVDA-paired meme token on Long, which peaked at about $213 million in market cap. Long said fees from NVDAx3L liquidity provision, minting and trading activity will flow back to AI, while describing the product as highly experimental. LongX allows users to mint and redeem at NAV through its vault contract, while secondary market prices can diverge until arbitrage closes the gap. The rollout adds a leveraged format to the growing stock-paired meme segment on Robinhood Chain, where competitors including RobinVista, Pons and Bankr are also active. Long’s Community Mode routes pool fees into vaults and token burns, but some roadmap features, including broader vault asset use, are not yet live. The structure also introduces added risks tied to leverage, NAV settlement delays and potential price dislocations between on-chain trading and underlying stock markets.