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Noxa collected nearly $12 million in fees before shutting down

Noxa collected nearly $12 million in fees before shutting down

The Robinhood Chain launchpad halted new token launches, lost control of its original domain after a takedown and shifted users to an ENS-hosted interface as pressure spread across CASHCAT and the chain’s token ecosystem.

ENS

Fact Check
The primary CoinDesk article explicitly states Noxa accrued 'nearly $12 million in fees' (per DefiLlama) before halting operations, matching the claim's headline figure. Noxa's own X post confirms it permanently disabled new token launches and redirected fees to creators, supporting 'shutting down.' Bloomingbit/CoinMarketCap data confirms CASHCAT fell to ~$0.094, below $0.10. One nuance: Noxa 'gave away' rather than pocketed the revenue, but the factual claim that it collected ~$12M in fees before ceasing operations is well supported across multiple sources.
Summary

Noxa, the largest token launchpad on Robinhood Chain, stopped operating after generating an estimated $12 million in fees over the prior week, according to DefiLlama. The platform halted new token launches on July 11, its website went dark for two days starting July 13, and by July 14 it said access would move to an ENS-hosted interface while creator earnings remained available for withdrawal. Noxa later said it no longer controls its original domain after a takedown and that the registrar may have resold or taken over the address, though the exact situation remains unclear. Late Tuesday, Noxa also said it would stop collecting fees and send 100% of transaction revenue to creators. CASHCAT, a memecoin closely tied to activity on Noxa, traded at $0.09402 as of 1:01 p.m. Korea time on July 16, down 35.44% from a day earlier, as uncertainty around the platform weighed on sentiment across Robinhood Chain.

Terms & Concepts
  • launchpad: A platform used to create and introduce new tokens to the market.
  • ENS: Ethereum Name Service, a blockchain-based naming system that can be used to route users to decentralized services instead of a conventional web domain.
  • domain registrar: A company that manages website domain registrations.