In this current moment, what have you been seeing in terms of activity on RobitorChain and what do you think is driving that growth?

That's a great question.

And it's definitely something that I'm very excited to be able to answer because what is exciting about Robin and Chain and the activity that we're seeing right now is that it's a pretty well-diversified set of things that are happening.

And the part that's even more exciting is that it's happening from a well-diversified set of user types as well.

So as I mentioned earlier, There's our Robinhood Earn product, which enables users on Robinhood to natively access decentralized lending protocols.

And these types of users may never have used crypto before.

And while you may not see that in the transaction volume, because lending actions are not high transaction, they're high AUC transactions, but low volume transactions.

Pivoting a little bit, do you want to share a bit more about Robinhood Earned Product and your partnership with Morpho?

Um, I'm curious, like the impetus on the timing where, you know, you guys decided to launch the wallet as, as a large step, um, in 2023, now you've got the chain in 2026. other products like earn and you know prediction markets so like the sequencing of all these products and i don't want to ask too big of a question we don't need to get into it all at once but i'm curious about the timing of things and what strategy's been around that in terms of like how you guys thought about the timing of introducing crypto to uh the robin hood customer base and how you thought about that

It's a great question.

And to your first point, Vlad's definitely both a big supporter of crypto, but also has an extremely deep understanding of the technology.

And that's been extremely critical in us being able to set this strategy for the long term.

For the strategy itself, ultimately our vision and goal and mission, as they would say, is we believe that crypto is the best way and will be the best way for users to get access to the financial tools, services, and assets that they need.

These transactions being on chain are oftentimes cheaper, obviously all the time more transparent, faster because you have faster settlement times, less prone to fraud.

Our vision here has always been that.

Maybe you could speak a little bit about that.