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Johann Kerbrat
@JohannKerbrat
SVP and GM of International & Crypto @ Robinhood. Tweets are my own opinion.
Joined July 2021
117 Following    26.8K Followers
Robinhood's focus is on adoption, and that starts with lowering barriers to entry - fees included. This is just the beginning.
After Robinhood raised the gas limit and lowered fees for users on Robinhood Chain, chain revenues have declined significantly (green), while DEX volumes have remained strong (purple). It's solidly #2# behind Solana. Lots of folks pointing at this like it's a mistake. But it's clearly intentional. And if you actually believe in the growth of RWAs and on-chain finance, this is 100% the right answer. Robinhood is thinking a lot bigger than optimizing for short-term sequencing fees. Owning the ecosystem and bringing tokenized assets on-chain and increasing the GDP of the blockchain is the much bigger long-term bet, and that will only happen if capacity scales and fees stay low. They will make it up on volume. Bullish.
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