Coulou(@okay_lets_ride):Another interesting angle of orbio is that it sits right in between 2 areas market participants want exposure to: - AI x Crypto - Robinhood Chain There is over $10bn allocated to the first, and we’ve seen with VVV that the inference bid is real. ATM orbio only represents 0.3% of the total crypto x ai mcap. If on chain credit usage was to scale from there I would expect it to rerate. On the second, there is not that many venture bet available on RH. Morpho, Lighter, Uni are good liquid leveraged bet on the success of RH but they are already in the multi billions FDV. PONS and LONG (via AI) are still early, but not venture bet per se anymore at their sizes. I do think the market is looking for more ways to long the success of robinhood chain and orbio is one of the most assymetric. More in this report:

2026.09.20 18:13

Another interesting angle of orbio is that it sits right in between 2 areas market participants want exposure to: - AI x Crypto - Robinhood Chain There is over $10bn allocated to the first, and we’ve seen with VVV that the inference bid is real. ATM orbio only represents 0.3% of the total crypto x ai mcap. If on chain credit usage was to scale from there I would expect it to rerate. On the second, there is not that many venture bet available on RH. Morpho, Lighter, Uni are good liquid leveraged bet on the success of RH but they are already in the multi billions FDV. PONS and LONG (via AI) are still early, but not venture bet per se anymore at their sizes. I do think the market is looking for more ways to long the success of robinhood chain and orbio is one of the most assymetric. More in this report: