Will Robinhood chain continue its run or will it be short-lived?

[rbynxx]

It crossed the $1B mark already in just few days and I'm having a Base eco vibe last 2024. Do you think it will get that kind of traction? Yeah, this is more like a NFA thread but you can state what coin you're eyeing in the chain and why is that the case. I think CASHCAT will definitely be a billy runner but not bad to speculate onto another one. Give your thoughts below.

[asriloni]

Robinhood chain is almost the same like base blockchain. It's basically a blockchain facility provided by its parent company robinhood. Robinhood chain operation is also being funded by its parent company, which is always recording positive result in term of revenue from year-to-year. So this is basically a long-lived blockchain.

I know you assume it's probably a short-lived blockchain due to the meme trend on it, but it will not affect robinhood chain's live.

Since robinhood chain fees is also going to the its parent company. When it has more traders, it's also generating more fees.

[rbynxx]

Robinhood chain is almost the same like base blockchain. It's basically a blockchain facility provided by its parent company robinhood. Robinhood chain operation is also being funded by its parent company, which is always recording positive result in term of revenue from year-to-year. So this is basically a long-lived blockchain.

Yeah, I'm definitely getting that vibe, and I think there will be runners in this chain. Well, they are open about that coz Vlad is a degen, but I'm afraid that when they stop covering network fees for the chain this September, I think people will be shocked that the fee will surge, I think that's one thing some people are grateful for now.

I know you assume it's probably a short-lived blockchain due to the meme trend on it, but it will not affect robinhood chain's live.

No, it wasn't about the memecoin craze but rather the marketing they pull to lower the network fee, that was genius, but it has cons once expires, I guess not that much. It was just some people as well thinking that it's not great because it was just an L2, and they think Solana was still the place for memecoin trading. Nevertheless, it wasn't built for memecoins, but for RWAs, although folks have some ways to make it fun as always. Though I have some doubts about it, same as what Stacy found out with the rate of failed transactions: https://x.com/stacy_muur/status/2075175888245965285, I get it too, even just trading memecoins, which is kinda worrying tbh, although I know they will work in this, they are a huge company after all.

[Localhostspeed]

It crossed the $1B mark already in just few days and I'm having a Base eco vibe last 2024. Do you think it will get that kind of traction? Yeah, this is more like a NFA thread but you can state what coin you're eyeing in the chain and why is that the case. I think CASHCAT will definitely be a billy runner but not bad to speculate onto another one. Give your thoughts below.

I saw the price of the cashcat and I shouted O Lord. What is this space turning into. If it was then, since we are in bear market, Robinhood chain will have a lot of attention and this coin they launched would be there in profit. The dump wouldn't have happened yet but the price was looking useless. How can it does -99% and other exchanges are still listing it or probably I'm the only person that is seeing the fall, the meme coin is a disaster to the market.

Until we stop launching these meme coins and look for atcuall problem and do something better. If a Dex is launched, those are utility coins that should be promoted but with full transparency. Not those type that you will hear that the team control 98% of the supply, the insider team were selling or some whale control the price, it will not help the Altcoin market but since Robinhood is still new and want to attract more people to their chain, we may see new wonders but I will be not joining.

[nelson4lov]

Runs like this, especially in a bear market like the one we are now are only sustainable if free liquidity keeps coming into the chain every day or every few days. The reason I said so is because if no new liquidity flows into the chain, existing robinhood degens will get bored, sell off and move to the next best thing. This is why it is important to monitor inflows into the chain. I'm not part of the current robinhood run and I've made my peace with it. I don't want to be people's exit liquidity as I didn't even benefit in the first place.

[Akbarkoe]

I just heard a few days ago about this Robinhood Chain because it came into my FYP and some people in the community talked about it, and isn't this Robinhood chain a layer 2 network of Ethereum which for me is the same as other layer two if like that, I think if they are L1 like the sieve BNB Chain might be better in the long run and can create their own ecosystem that is much more independent because they actually have a money machine that is the Robinhood exchange itself as an opening for the growth of the ecosystem.

[rbynxx]

It crossed the $1B mark already in just few days and I'm having a Base eco vibe last 2024. Do you think it will get that kind of traction? Yeah, this is more like a NFA thread but you can state what coin you're eyeing in the chain and why is that the case. I think CASHCAT will definitely be a billy runner but not bad to speculate onto another one. Give your thoughts below.

I saw the price of the cashcat and I shouted O Lord. What is this space turning into. If it was then, since we are in bear market, Robinhood chain will have a lot of attention and this coin they launched would be there in profit. The dump wouldn't have happened yet but the price was looking useless. How can it does -99% and other exchanges are still listing it or probably I'm the only person that is seeing the fall, the meme coin is a disaster to the market.

Until we stop launching these meme coins and look for atcuall problem and do something better. If a Dex is launched, those are utility coins that should be promoted but with full transparency. Not those type that you will hear that the team control 98% of the supply, the insider team were selling or some whale control the price, it will not help the Altcoin market but since Robinhood is still new and want to attract more people to their chain, we may see new wonders but I will be not joining.

I don't know what CashCat token you're looking at but I don't think it was the one I'm referring. This is the contract address of the real one: 0x020bfc650a365f8bb26819deaabf3e21291018b4. Yeah, it's doubtful tbh and I see where you're coming from.

Runs like this, especially in a bear market like the one we are now are only sustainable if free liquidity keeps coming into the chain every day or every few days. The reason I said so is because if no new liquidity flows into the chain, existing robinhood degens will get bored, sell off and move to the next best thing. This is why it is important to monitor inflows into the chain. I'm not part of the current robinhood run and I've made my peace with it. I don't want to be people's exit liquidity as I didn't even benefit in the first place.

It has good volume tbh for relatively a new chain although I'm still monitoring if fresh liquidity is keep on coming as well. Never got a lot of tools to experiment on the chain but I think people are building it and would be great if I'll stumble on that.

I just heard a few days ago about this Robinhood Chain because it came into my FYP and some people in the community talked about it, and isn't this Robinhood chain a layer 2 network of Ethereum which for me is the same as other layer two if like that, I think if they are L1 like the sieve BNB Chain might be better in the long run and can create their own ecosystem that is much more independent because they actually have a money machine that is the Robinhood exchange itself as an opening for the growth of the ecosystem.

Yeah, they are. Base was an L2 as well but they have their run. Vlad is open to innovations and who knows they'll develop that one. Being early has its pros and cons but right now positioning do matter if you're on the right community.

[TastyChillySauce00]

Robinhood chain will be here for a long time because Robinhood wants to own infrastructure and settlement layer for their future project of tokenizing US stocks. The meme coin hype is great but it's not the true purpose of Robinhood and why they deployed the blockchain in the first place.
They already have handful of plans in mind and they are here for a long term, wait until their tokenized US stock RWA matured, the blockchain is going to have huge volume.

[FinneysTrueVision]

Robinhood Chain needs more than just memecoins to keep people interested. Stock tokens have been in the spotlight, but there are different competing protocols. Robinhood Chain isn’t unique in offering tokenized equities. If this was some years ago, they could sustain these high volumes with the possibility of an airdrop. That is no longer enough today after so many disappointing airdrops and endless farming of points.

The chain has a powerful company behind it that will use their resources to make this an attractive chain for builders and users. I would expect them to do better than MegaETH and Monad. Getting as big as Base or Hyperliquid is going to be more of a challenge. They are off to a strong start. Once the hype fades, we’ll see if users will stick around.

[Akbarkoe]

I just heard a few days ago about this Robinhood Chain because it came into my FYP and some people in the community talked about it, and isn't this Robinhood chain a layer 2 network of Ethereum which for me is the same as other layer two if like that, I think if they are L1 like the sieve BNB Chain might be better in the long run and can create their own ecosystem that is much more independent because they actually have a money machine that is the Robinhood exchange itself as an opening for the growth of the ecosystem.

Yeah, they are. Base was an L2 as well but they have their run. Vlad is open to innovations and who knows they'll develop that one. Being early has its pros and cons but right now positioning do matter if you're on the right community.

Perhaps Vlad Tenev is only targeting the utility of his network as a bridge for RWA trading, lacking the same ambitious ambitions as Binance in building its own ecosystem, there's a lot of work to be done, and the significant capital required for efficiency is certainly necessary if building an L1 platform, building one on its own L2 platform makes sense if that's the sole purpose.

Robinhood chain will be here for a long time because Robinhood wants to own infrastructure and settlement layer for their future project of tokenizing US stocks. The meme coin hype is great but it's not the true purpose of Robinhood and why they deployed the blockchain in the first place.
They already have handful of plans in mind and they are here for a long term, wait until their tokenized US stock RWA matured, the blockchain is going to have huge volume.

If the meme that they raise and become Hype there is the same as other networks that will slowly fade when the hype is gone especially if more and more fraudulent developers do that, well the goal is clear that they want to tokenize the RWA as long as demand for this RWA grows positively then it will be very good in the long run, I really want to ask how much gas costs in this Robinhood chain, and it says using Ethereum as network fees?

[rbynxx]

Robinhood Chain needs more than just memecoins to keep people interested. Stock tokens have been in the spotlight, but there are different competing protocols. Robinhood Chain isn’t unique in offering tokenized equities. If this was some years ago, they could sustain these high volumes with the possibility of an airdrop. That is no longer enough today after so many disappointing airdrops and endless farming of points.

The chain has a powerful company behind it that will use their resources to make this an attractive chain for builders and users. I would expect them to do better than MegaETH and Monad. Getting as big as Base or Hyperliquid is going to be more of a challenge. They are off to a strong start. Once the hype fades, we’ll see if users will stick around.

That's the vision on why the chain was running in the first place but memecoins already front run it. Well, Vlad was feeling it wasn't that bad to have memecoins in the chain as it turns out to be great too and I think that's one way to onboard users. An airdrop would just create more critics towards the chain. No, I don't think they'll achieve that of HL, that's a difficult one to do I guess but we will never know.

If the meme that they raise and become Hype there is the same as other networks that will slowly fade when the hype is gone especially if more and more fraudulent developers do that, well the goal is clear that they want to tokenize the RWA as long as demand for this RWA grows positively then it will be very good in the long run, I really want to ask how much gas costs in this Robinhood chain, and it says using Ethereum as network fees?

What if they list their own memes? lol I wonder what the regulators will feel. Now, the gas cost is so cheap and just cents. Yes it's Ethereum but in the robindhood chain. Same to what was Base basically.

[o48o]

It crossed the $1B mark already in just few days and I'm having a Base eco vibe last 2024. Do you think it will get that kind of traction? Yeah, this is more like a NFA thread but you can state what coin you're eyeing in the chain and why is that the case. I think CASHCAT will definitely be a billy runner but not bad to speculate onto another one. Give your thoughts below.

Imho it's just another dumb idea riding with all RWA hype without any substance.

It's overvalued, but that's not anything special, as most of the altcoins are overvalued at the moment. With this however i don't see any value.

"But what about the real world value of all RWA's?" you ask. That's not how RWA's in blockchain work, they are just tokens representing value of something you don't actually own. "Stocks" for the ignorant common people, when someone else holds the actual value.