some points addressed by vlad just now:
(i) tokenized rwas are the main bet / identity for robinhood chain (bullish)
(ii) they are building ecosystem support, which is good, but please dont turn this into another giant grants program. rh unfair advantage is distribution, not capital
the real KPI is "how many breakout apps did we kingmake?"
the ecosystem flywheel is: surface them inside robinhood -> send users to them -> integrate them deeper -> promote them harder -> make them killer apps
thats what you wanna see
time to save the robinhood chain ecosystem
robinhood is at a pretty interesting point rn: 100 days live, got the massive attention spike and now back near the lowest levels of revenue generated by its apps
is it completely over? no
have other chains experienced that? hell yea
how to run it back turbo? hard
but
(i) the fundamental value prop hasnt changed. robinhood has massive distribution and the ability to kingmake apps. time to actually use it
(ii) the ecosystem is surprisingly diversified. look at the better pons coins and many of them have nothing to do with memes. imo thats bullish because it means builders arent just coming for one temporary meta
(iii) there is still no clear identity for robinhood chain. that sounds bearish but imo it is also the opportunity. the winning vertical is still up for grabs. tokenized stocks? ai stuff? still open
tldr: the fundamentals are still there. it all comes down to apps + kingmaking your ecosystem
robinhood or not, every chain eventually ends up with the same problem