Robinhood Chain TVL is now up to $544M.
Still only just over 10% of both Base and Solana.
TVL may not be a perfect metric for measuring on chain activity in the trenches, but it's a great metric to gauge potential capital inflow and activity growth for the chain itself.
HOOD is more than double the market cap of COIN, and Base had multiple billion dollar meme runners.
Robinhood is arguably the "Solana" of retail for trading stocks. It's the heart of the trenches for the most active and social traders, but at a much, much larger scale.
The growth we've seen over the course of the last month and a half since Robinhood Chain has launched has happened in the heart of the bear market for the rest of crypto.
And why I expect it to continue to serve as a hedge is the expectation that it's the most obvious place to look for the continued pace of the rate of capital inflow which leads to more rapid growth.
It has direct access to a whole different subset of retail than any other crypto app does that it can natively integrate some of the features of its chain to.
If Solana had multiple of its top memes hit $5B last bull market, think about the potential Robinhood Chain has this bull market.
So yes - the thesis still remains the same that:
$CASHCAT = BONK
$HMM = WIF
Except for bigger.
I'll continue to bid and stack high conviction plays here because it just makes sense. Insane to think the home of retail degen trading won't have its main runners hit $5B+ next bull market.
So zoom out, chill, and continue to stack.
You're still early 🤔🐈
#Bitcoin / $BTC
As painful as the past month has been since the October 10th capitulation event - BTC is currently sitting at an import support level.
During the run up from late '22 until now, there have been several falling wedges that have marked bottoms for ranges.
If we're going to bounce anytime soon, this is as good of place as any for it to happen.
Here we go!
Our first product showcase event is happening on December 17. We’ve built a lot of cool new products - excited to show them to you next month.
#SystemUpdate
$ZIG is moving perfectly along its bullish trendline. Honestly, this is the only analysis you need on ZIG.
This might be the last time we see it this cheap. Higher!