This is Just the Beginning" - Crypto Analyst That1618Guy Weighs on on What's Next for DeFi

And with Robinhood in general, yeah, we interviewed the Ponds guys a month and a half ago.

We actually interviewed the head of product of Robinhood a month into the launch.

And it felt like a time capsule because we released it a month later.

It was like, oh, wow, like everything they said came true.

And Robinhood has been a big success, which is hard.

Chains are fucking hard.

I feel like every chain launch for like the past few years has been a dump, almost every single one.

You can probably count on your hand how many chain launches have been successful.

And the reason why they've been successful is because, say, they have some daddy behind them.

They have somebody that is pulling that ecosystem's weight.

And with Robinhood, not only do they have Robinhood as the daddy pulling the weight, but they have this new primitive that they're playing with, which is stock tokens.

And the fact that since Robinhood is a broker-dealer, they don't have to chip off 10%, 15% to Alpaca anymore.

They cut that fee.

It's a lot easier for them to come out with tokens.

And so what do you think keeps the momentum going with Robinhood chain going forward? Because, yeah, we had this big run up that just happened.

Maybe things cool down a little bit, but there's still experiments happening.

You have ARK launching eminently.

You have other things happening, like Solana is coming back with their shit.

So how does Robinhood keep the momentum going forward from here?

Yeah, I like to touch on the point that you just talked about.

I think what sets Robinhood Chain apart from all the other chains is that they didn't have to incentivize users to come to their chain.

By default, that already sets them apart from most chains.

You think about Blast, you think about Sonic, you think about all these other chains.

What they had to do was basically pay users to come and hopefully pay app builders to build creative, unique, interesting apps for people to use and hopefully some stick.

So it's like you throw a dart on the wall and you hope something lands, right? And you look at these TVLs of these chains after the incentives go away, users go away too.