Noxa, the largest token launch site on the Robinhood Chain, ceased operations after earning an estimated $12 million in fees, according to DefiLlama, in the past week, citing concerns about low-quality tokens flooding the platform.
The shutdown unfolded over a matter of days. On July 11, just as CASHCAT, the chain’s breakout memecoin, reached its peak trading volume, Noxa said it would stop accepting new token launches.
Two days later, the platform’s website went dark. The team blamed a Cloudflare issue. On July 14, it said the domain would redirect to ENS services and creator earnings would be available for withdrawal. Late Tuesday night, Noxa announced that the platform would no longer charge fees and instead redirect 100% of transaction revenue to creators.
The decision split Crypto Twitter.
“Half the timeline called it based because someone finally pushed back against spam,” @zubic_eth wrote in a widely shared post summarizing the situation. “The other half called it a generational fumble and said they killed the golden goose while making $3 million a day.”
