Robinhood is doing this backwards

This is ultimately the reason I keep watching the chain.

For more than a decade, crypto has built infrastructure first and searched for users afterwards.

Robinhood is approaching the same problem from the opposite direction.

It already has 28.5 million funded customers, $355 billion in platform assets, a brokerage, distribution and millions of people who open the app specifically because they want exposure to financial markets.

Instead of building the rails and then looking for passengers, it already has the passengers and is slowly building new rails underneath them.

That’s how I think crypto actually reaches normal people.

StarPlatinum Conclusion

Maybe I’m completely wrong and most of the activity we’re seeing today is temporary.

Maybe incentives dry up, stock tokens run into regulatory walls and six months from now Robinhood Chain becomes another ecosystem that everyone on CT pretends they were never bullish on.

I’ve watched enough chains come and go that I’m not interested in marrying the thesis. But there are two numbers that keep bringing me back to it: $759M currently sitting on Robinhood Chain and $355B already sitting inside Robinhood.

For years, crypto companies built the casino, the bank, the rails and the incentives and then realized they still had to convince people to walk through the door.

Robinhood already has 28.5 million funded customers inside the building, now we get to see how many of them go upstairs.

Remember La Sobremesa is your site to watch this with us, exciting times are coming.