We have organized charity events in Europe (Bulgaria, which is Vlad Tenev’s home country; Poland; and Kosovo), Asia (Thailand, the Philippines, and Indonesia), and Africa.
These events have been organized by community members and holders.
The CTO team consists of holders from Greece, Bulgaria, and the US (MD & VA).
Say no to racism.
Cheers!
We have organized charity events in Europe (Bulgaria, which is Vlad Tenev’s home country; Poland; and Kosovo), Asia (Thailand, the Philippines, and Indonesia), and Africa.
These events have been organized by community members and holders.
The CTO team consists of holders from Greece, Bulgaria, and the US (MD & VA).
Say no to racism.
Cheers!
Remember how cash-cat:native started?
an old Robinhood name became a community coin vlad noticed it and eventually Robinhood listed it
now $VRAX came straight out of HOOD Summit and went live almost instantly paired with $HOOD
yea theres another Vrax but that one turned into a messy cto and a lot of ppl got rekt there
dont think attention stays split forever
one will fade and one will stay
this the kinda level you regret fading later
same pattern different cat
0xc6080ea62997b33c8e46360850cb4473913b61f0
thoughts on Robinhood chain eco
ON A MACRO LEVEL
Robinhood chain didn't take off because it has superior tech
otherwise Optimism, Arbitrum (which RH chain is built on), etc would be among the top EVMs today
it took off because Robinhood is one of the world's most significant retail trading platforms, with tens of millions of users who are generally wealthier than the average CEX user cohort
crypto participants have also long considered Robinhood the cream of the crop for exchange listings
rumors of an incoming Robinhood listing have fueled some of the biggest memecoin/altcoin rallies in crypto history
Robinhood's role in the $DOGE + $SHIB mania of 2021 only cemented that status
now you have a Robinhood chain where people believe tokens launched there have a higher probability of eventually being listed on Robinhood
that's an extremely powerful flywheel
more devs launch on the chain
more users buy on the chain
more liquidity flows in
and i think people counting out Robinhood chain are going to find out just how powerful this narrative can be in a proper bull run
WHY THE RECENT WEAKNESS?
1. RH eco coins pumped giga hard
a lot of RH eco coins simply needed a cooldown
$PONS went from ~$30m to $960m+ in weeks before the bull run has even kicked off
a ~50% correction after that kind of move is completely normal and can set the stage for another explosive leg
same applies across the eco
2. Solana stepped up
the Robinhood retail distribution narrative was a major catalyst
but apathy and a lack of action from Solana for a while leading to the emergence of Robinhood chain also helped fuel the initial RH chain explosion
that has changed
Solana has stepped up and made it clear they remain a force to contend with this cycle
with liquidity still relatively constrained, that naturally diverted some flows away from Robinhood chain
but i don't think liquidity will stay constrained forever
soon there should be enough liquidity to accommodate serious activity on BOTH Robinhood chain and Solana
and of course BNB chain (i mean this goes without saying)
3. lack of follow through from Robinhood
this is probably the easiest problem to fix
if the biggest catalyst behind the chain was the Robinhood distribution channel, people will eventually lose interest if barely anything gets listed
Robinhood listing $CASHCAT so early was bullish and helped spark the second wave of activity on the chain
but they've listed almost nothing else from the ecosystem three months into launch
that's a bad signal
$PONS went from ~$30m to almost $1b, became a major driver of activity and at one point contributed ~50% of chain activity
it's perhaps the most successful new launche of the past year in all of crypto
yet it still hasn't been listed by Robinhood
same with $AI
it's the flagship token of Long, the second biggest launchpad on RH chain
it's also a top-tier memecoin that brought significant attention to the chain during its run to $350m+
i don't own $AI, but i'm surprised it isn't on Robinhood
from the outside, it's difficult to understand why $PONS and $AI haven't been listed yet
and i'm not claiming to know Robinhood's internal listing criteria or regulatory considerations
but the longer the biggest successes on the chain go without Robinhood distribution, the weaker the core ecosystem flywheel becomes
if devs and users stop believing that building on Robinhood chain gives them a meaningful distribution advantage, some of the chain's biggest differentiators disappear
and that's what contributed to momentum stalling alongside the other factors above
the good news?
this is the easiest problem to fix
and i'd actually love to see Robinhood throw something much lower cap and more degen into the mix
could be something like robinhood:0xe8ffd7e24187f72afb08d75b1bb13088a989a791 (the leading RH-native liquidity layer) or $BOW (the leading RH-native lending market) — could also be some other low cap, but i mentioned both since they have a strong narrative and justification, which likely attract even more builders/users to the chain
that would create speculation that ANYTHING could get listed
and that kind of uncertainty is exactly what fuels degeneracy
it is very clear that @vladtenev has been strategic and calculated in how he's leading the chain
he also has his ears on the ground and understands the trenches
so i'm not particularly concerned about #3 over a long enough timeframe
ABOUT THE HOOD SUMMIT
i've seen people say the HOOD Summit was bearish for Robinhood chain because the RH eco didn't massively pump during or after the event
i think that's missing the bigger picture
a lot of people expected the Summit to be a catalyst for the next leg up
that catalyst didn't come
but what happened next is more interesting
the RH eco held up
there was no major 'sell the news' dump
after an event with that much anticipation, that's significant
the important signal to me is that the eco absorbed the event without breaking down
that makes me think the recent weakness may have largely run its course
i think the next leg up across Robinhood chain comes soon
i don't know exactly when or what the catalyst will be
maybe some Vlad Tenev wizardry + Robinhood listings
maybe something completely unexpected
TO CONCLUDE...
a lot of people love Robinhood
and their team has made a lot of the right moves so far
they have a massive advantage through the Robinhood retail platform
and they can weaponize that distribution advantage to drive sustained activity on their chain
the Robinhood narrative only gets more powerful as the market and altcoins heat up
i think the biggest question now is simply how aggressively Robinhood chooses to capitalize on the ecosystem it has created
count out Robinhood chain at your own peril!
ITS THE FIRST DAY OF THE FOURTH QUARTER FELLAS
THE LOCK IN SEASON
THE BIGGEST SEASON OF YOUR LIVES IF YOU DECIDE ITS GOING TO BE
LETS LOCK THE FUCK IN AND MAKE IT BROTHERS
MAKE IT BIG
what we learnt from @theunipcs: a coin also needs to make sense with the pairing. $vrax wants to become the mascot of hood summit, and that’s why it’s paired with $hood.