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WebTrend
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The #1 Crypto News Aggregator & Indicator Toolkit Provider | Trade on @BagsApp
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BREAKING: Robinhood CEO @vladtenev is publicly urging builders to integrate stock tokens and RWAs directly into their apps.
Which tokenization or RWA projects are flying under the radar right now?
Vlad Tenev@vladtenev
If you're a builder looking to embed stock tokens or RWA into your applications, we want to hear from you
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$30K down on $REPE and I don’t care.
If I am wrong, I will happily ride this down to zero and die being the last believer of my bags.
If I’m right however, we ride this higher than any can imagine and will be known as the guy who believed in something and got rewarded for it.
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the running narrative of Robinhood is that they make it easy to trade assets for regular people
seeing the amount of interest in onchain assets on the new Robinhood chain tells me that crypto native traders are trying to front run the top assets onchain before retail comes along
coins like $CASHCAT hitting over $200 million marketcap with well over $100 million in volume shows that the potential is there
the main thing I continue to think about is, what happens if Robinhood stops posting about memes or onchain assets?
it's in their benefit to keep pushing the narrative since they already have a ton of volume and eyes on their chain
but we will see how transactions, users, and onchain coin data stacks up 1-2 weeks from now
AX1@ax1vc
Robinhood built a chain to trade stocks. Two weeks after launch we mapped where the money on it actually settles, contract by contract, and the interesting part is not the $5b+ casino on top. The chain itself earned almost nothing. 62.8 million transactions since genesis generated ~480 ETH, ~$860K in total gas, with the average fee at three cents on the busiest day in its history. Of the net revenue left after settlement costs, 10% goes to the Arbitrum ecosystem through the license. Gas is not the business model here. Bridges will tell you even less. Measured inflows since genesis: ~$80m, close to 90% of it ETH, capital coming into the chain for memecoins. Yet Robinhood Earn alone holds ~$128m worth of USDG. The difference is native minting: Paxos mints USDG directly on the chain, so the main capital inflow channel never crosses bridges. USDG shares most of its reserve income with the platforms distributing it, and at current t-bill rates a $120m pool earns roughly $4.6m annually. Lifetime gas revenues are ~$860K and it needed a 10 million transaction day to get there. It mean reverts with the casino. The float accrues no matter if anyone trades, bypassing the Arbitrum split completely. The same shape we've seen in our x402 breakdown. Stocks are a ~$15m market vs $5b of memecoin churning, and still the most interesting part, because most of that volume settles on Rialto and Arcus, which a standard dex dataset won't see. Tracked on a per-contract basis: Arcus became the leader among venues within days of its first on-chain trading, and the largest day of stocks trading was a Saturday, with NYSE closed. Count router swaps without stock registry checks and the stock volume comes out roughly 3x too big, which is how raw this market still is. What we'll watch going forward: stock share recovery from the surge lows, whether Arcus holds the lead, USDG pool growth, and the big question, how many of ~28m app customers will ever show up on this chain. Full breakdown: dune.com/ax1research/ro…
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long $ARB seems obvious here
Vlad Tenev@vladtenev
One of the things we've learned from our Robinhood Chain mainnet launch is that ecosystems can grow incredibly quickly when there is exceptional engineering behind them Huge credit to the Robinhood engineering team, and congrats to our friends and partners @arbitrum.
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@blknoiz06 @ExitLiqCapital Long ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 is free money
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@ExitLiqCapital lighter and robinhood L2s are sneakily best setup for an eth bull thesis in a very long time
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🚀 1,000 followers.
💎 3,000 holders.
The $REPE community is growing fast, and we’re only getting started.
Thank you to everyone who followed, supported, shared, and joined the movement.
Next stop: even bigger milestones. 🐸🔥
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BREAKING: @RobinhoodCrypto CHAIN CROSSES 309K DAILY ACTIVE ACCOUNTS 🫨
If you are active daily, drop your Robinhood $ETH address below👇
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@CryptoGodJohn We need help finding the best @RobinhoodCrypto communities
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