$HOOD is undervalued given the potential its chain is showing and wall street is still sleeping on it. ETH & SOL annualized 1-3 Bn of revenue at their peak while Base did 50-100 mm. HOOD just did a $2 mm day. Assuming DAU & TVL momentum continues it has a chance of annualizing at 300-500 mm (especially if privates are introduced + if memecoins actually start moving stock prices + real projects onboard + HOOD itself forking fomo). $HOOD's FY26 estimate is ~5.2 Bn topline and ~1.9 Bn in profit. Given the fee is almost 70-80% incremental margins (and let's skip annualization) a 15-25% accretion to EPS is pretty juicy. Not that HOOD trades on PE multiple but don't think wallstreet is baking in perp ramp / crypto coming back either. This name and $HYPE remain the best beta one can buy as blockchain continues on its multi-decade advance.