- Crypto Degen - Onchain Research Robinhood Maximalist

RH Ecosystem
Joined January 2014
Vlad mentioned Robinhood Chain in Q3 earnings call Already more than we got at HOOD Summit Numbers: > $50M+ in fees > $26M hit Robinhood's books > 22% of all crypto revenue > 4x Bitstamp Without the chain crypto was down QoQ. With it +20% Prediction markets already bigger than crypto Robinhood Chain is the only thing growing in crypto
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$INDEX team emptied their own wallet. Rug? The payout bot got emptied on Oct 21: > 4.2M INDEX (~$23K) > 18 stock tokens (NVDA, AAPL, MSFT and others) > 3.14 ETH (~$7K) All went to a fresh wallet. No txs since Right now: > @TheIndexFi silent since 8 Oct > No payouts for 9 days > Distributor still holding $10K in stocks Idk why the INDEX team is silent after 9 days of no payouts Could be a wallet rotation. Could be the end
$INDEX volume $9K. Holders get only 3% of payouts Total volume across all markets ~$330K But fees only come from this thin Uniswap V4 pair: > $9.3K volume > 73 txns > 11 buyers vs 28 sellers INDEX holders are getting 36x less payouts than they should rn No fees → no stock buys → flywheel dead @TheIndexFi still quiet. Chart is cooked Still waiting for the next random $5K sell to dump it
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Robinhood Chain: 3 steps to revive the trenches Chain is bleeding. Volume dead. Retail leaving They can still fix it if they really want to > Engage with the chain Vlad and the team need to be in the trenches talking to builders First 60 days they were active and everyone traded. Then they went quiet and it started dumping Don't become Base > List more native tokens $CASHCAT showed app users want onchain tokens. Over 20% of supply is in RH wallets $PONS ran to almost $1B and they did nothing Show that any project with real attention can make it into the main app > Real builder support Grants, hackathon, audit help, market making Where's the 9 figure grant they were talking about? Why throw $700K into trading contests instead of your own chain? @MEADGod said the team is supportive but neutral and doesn't pick favorites Favorites = leaders. A chain without leaders dies @vladtenev, you still have the 25M users Stop ignoring Robinhood Chain eco
Big day for Robinhood Chain. New season or more dumping? Look at what @RobinhoodApp been posting last two days The gap between their earnings plan and onchain reality is obvious [1] Tokenized stocks with heavy compliance restrictions > Pushing 24/7 weekend trading for stocks > Saying they'll add more utility and integrations > Product is moving, but compliance still comes first [2] Event contracts + trading contests to boost volume Robinhood focused on two things last two days: > Pushing Congress election contracts through RH Derivatives > $700K crypto lottery for trading SUI, HBAR, ONDO, INJ, CHIP CT mad. Own chain bleeding ($CASHCAT, $PONS, $INDEX) while they throw $700K at big coins for the earnings numbers [3] Onchain reacts hard to @vladtenev moves > Today Vlad retweeted HarmonicMath with 👀 > HARMONIC meme runs to $3M mcap > Shows how starved the chain is for any real attention Public company playing for Wall Street vs onchain waiting for real support Today Vlad and the team either bridge the gap or they don't
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Ozzy dropping hints? Big cooking on $PONS @MEADGod been replying with 2-3 words for days. Read them all together and it doesn’t look random > Gotta get all the people to RH 🚬 > Almost time yup > Very excited to be in 🇪🇺 > Tokenized stocks: almost like they don't want to make money + have proper distro globally lmfao > App: great interface and ease of use… this is just a small thing in a grand scale of things He's not quiet cuz there's nothing He's quiet cuz moves are already lined up His replies show where he's going: > Pull people back to Robinhood Chain > Ride the tokenized stocks meta > EU compliance instead of pure degen > Mobile app + almost time After tonight's earnings we'll see if Ozzy's cooking + new app can bring people back
Bullish news about $PONS. EU expansion starting Ozzy just dropped that Axis Group, EU crypto lawyers, helped them with the MiCA white paper They're getting EU compliance instead of staying pure degen forever This is a real move for a launchpad: > Makes it easier to reach EU users and exchanges > MiCA white paper is the bare minimum to operate in the EU > Shows they're playing longer term, not just farming This is bullish mainly bc it shows that Pons is growing up @MEADGod finally moving on more than just app teaser Not just another degen launchpad anymore
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Big day for Robinhood Chain. New season or more dumping? Look at what @RobinhoodApp been posting last two days The gap between their earnings plan and onchain reality is obvious [1] Tokenized stocks with heavy compliance restrictions > Pushing 24/7 weekend trading for stocks > Saying they'll add more utility and integrations > Product is moving, but compliance still comes first [2] Event contracts + trading contests to boost volume Robinhood focused on two things last two days: > Pushing Congress election contracts through RH Derivatives > $700K crypto lottery for trading SUI, HBAR, ONDO, INJ, CHIP CT mad. Own chain bleeding ($CASHCAT, $PONS, $INDEX) while they throw $700K at big coins for the earnings numbers [3] Onchain reacts hard to @vladtenev moves > Today Vlad retweeted HarmonicMath with 👀 > HARMONIC meme runs to $3M mcap > Shows how starved the chain is for any real attention Public company playing for Wall Street vs onchain waiting for real support Today Vlad and the team either bridge the gap or they don't
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$PONS UPDATE Over the past 24h: > Volume: $24M, -4% > Fees: $214K, -17% > Revenue: $35K, -5% > New launches: 1K, -9% All numbers declined slightly $250K available for buybacks & burns. 0.1% of total supply Bought & burned, last 24h: > 165K PONS > 0.016% of total supply valued at $40K Cumulative volume: $17.17B
$PONS UPDATE Over the past 24h: > Volume: $25M, -22% > Fees: $258K, -35% > Revenue: $37K, -33% > New launches: 1.1K, -21% All numbers dropped hard $270K available for buybacks & burns. 0.11% of total supply Bought & burned, last 24h: > 197K PONS > 0.02% of total supply valued at $46K Cumulative volume: $17.15B
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Bullish news about $PONS. EU expansion starting Ozzy just dropped that Axis Group, EU crypto lawyers, helped them with the MiCA white paper They're getting EU compliance instead of staying pure degen forever This is a real move for a launchpad: > Makes it easier to reach EU users and exchanges > MiCA white paper is the bare minimum to operate in the EU > Shows they're playing longer term, not just farming This is bullish mainly bc it shows that Pons is growing up @MEADGod finally moving on more than just app teaser Not just another degen launchpad anymore
Robinhood report tomorrow. Where’s $PONS news? In a recent interview Ozzy said the mobile app is close, whitelist is out, and they’re going after Pumpfun Now he’s basically gone, barely replies Onchain looks bad too (last 24H): > Volume hit new low: $24M > Revenue hit new low: $35K > Burn contract ETH: 74 on Friday → 57 now (108 last week) @ponsdotfamily still flexing the 30 day volume. Founder stays quiet Chart bleeding under $160M. Holders are cooked When’s the app actually dropping, @MEADGod?
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Robinhood needs to support their own eco They dropped a teaser with CHIP GRAM XPL ONDO SUI INJ HBAR Cool, more listings. Fine But two months and the only native token they listed is $CASHCAT Where’s the love for $PONS or $INDEX? The whole chain is bleeding. Volume dead, charts cooked, retail leaving @MEADGod said in the recent interview: Robinhood team is supportive but neutral. Not picking favorites Maybe it’s time to pick some favorites and push them If you’re not gonna help the projects that live on the chain, what's the point of it?
Robinhood report tomorrow. Where’s $PONS news? In a recent interview Ozzy said the mobile app is close, whitelist is out, and they’re going after Pumpfun Now he’s basically gone, barely replies Onchain looks bad too (last 24H): > Volume hit new low: $24M > Revenue hit new low: $35K > Burn contract ETH: 74 on Friday → 57 now (108 last week) @ponsdotfamily still flexing the 30 day volume. Founder stays quiet Chart bleeding under $160M. Holders are cooked When’s the app actually dropping, @MEADGod?
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$INDEX volume $9K. Holders get only 3% of payouts Total volume across all markets ~$330K But fees only come from this thin Uniswap V4 pair: > $9.3K volume > 73 txns > 11 buyers vs 28 sellers INDEX holders are getting 36x less payouts than they should rn No fees → no stock buys → flywheel dead @TheIndexFi still quiet. Chart is cooked Still waiting for the next random $5K sell to dump it
$INDEX. 17 days of complete silence. 7 days without payouts Starting to find @TheIndexFi behavior funny People defending them say they’re great devs and don’t owe holders any communication Many projects already showed that tech alone doesn’t get you far Even if they’re actually grinding nonstop Can you imagine these hardworking guys still haven’t fixed one single payout bug after all this time? @standard_rsv, @RealBucketShop, some new projects like @RoboticsReserve - everyone else already solved this. Everything works Better to buy a working product on the way up than catch the 10th bottom of an AFK project If team comes back and payouts start working - great They only managed to collect $9k in the distributor from fees after a -50% dump lol Good luck and patience. This market is rough
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Robinhood report tomorrow. Where’s $PONS news? In a recent interview Ozzy said the mobile app is close, whitelist is out, and they’re going after Pumpfun Now he’s basically gone, barely replies Onchain looks bad too (last 24H): > Volume hit new low: $24M > Revenue hit new low: $35K > Burn contract ETH: 74 on Friday → 57 now (108 last week) @ponsdotfamily still flexing the 30 day volume. Founder stays quiet Chart bleeding under $160M. Holders are cooked When’s the app actually dropping, @MEADGod?
When Robinhood szn 2.0 starts? $CASHCAT, $PONS, $AI, $INDEX all dumped hard. CT is fudding and panic selling into the fear TVL still sitting flat at $1.13B. Smart money isn't leaving Just MM shaking out weak hands before the next leg Real bottoms are quiet. This one needs more time to exhaust people first People wait for the perfect entry and miss the whole move Once it reclaims, it runs before most even notice If you're in stables - buy now if you're in right bags - hold tight
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$PONS UPDATE Over the past 24h: > Volume: $25M, -22% > Fees: $258K, -35% > Revenue: $37K, -33% > New launches: 1.1K, -21% All numbers dropped hard $270K available for buybacks & burns. 0.11% of total supply Bought & burned, last 24h: > 197K PONS > 0.02% of total supply valued at $46K Cumulative volume: $17.15B
$PONS UPDATE Over the past 24h: > Volume: $32M, -6% > Fees: $398K, -6% > Revenue: $55K, -13% > New launches: 1.4K, -13% All metrics fell slightly $290K available for buybacks & burns. 0.12% of total supply Bought & burned, last 24h: > 198K PONS > 0.02% of total supply valued at $47K Cumulative volume: $17.1B
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$1B plays on Robinhood Chain: $PONS + $CASHCAT One dies if the chain slows down. The other doesn’t PONS - product play > Main launchpad on the chain > Fee → burn flywheel is working > Needs volume and activity to work CASHCAT - pure meme > No product, no roadmap, no utility talk > First mover + real Robinhood mascot history > Doesn't need volume or fees to stay alive One needs the chain to keep cooking. The other just needs to stay the main cat Easiest and safest way to bet on Robinhood Chain rn Holding PONS, CASHCAT or both?
When Robinhood szn 2.0 starts? $CASHCAT, $PONS, $AI, $INDEX all dumped hard. CT is fudding and panic selling into the fear TVL still sitting flat at $1.13B. Smart money isn't leaving Just MM shaking out weak hands before the next leg Real bottoms are quiet. This one needs more time to exhaust people first People wait for the perfect entry and miss the whole move Once it reclaims, it runs before most even notice If you're in stables - buy now if you're in right bags - hold tight
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$INDEX. 17 days of complete silence. 7 days without payouts Starting to find @TheIndexFi behavior funny People defending them say they’re great devs and don’t owe holders any communication Many projects already showed that tech alone doesn’t get you far Even if they’re actually grinding nonstop Can you imagine these hardworking guys still haven’t fixed one single payout bug after all this time? @standard_rsv, @RealBucketShop, some new projects like @RoboticsReserve - everyone else already solved this. Everything works Better to buy a working product on the way up than catch the 10th bottom of an AFK project If team comes back and payouts start working - great They only managed to collect $9k in the distributor from fees after a -50% dump lol Good luck and patience. This market is rough
$INDEX dropped -40% to $4M. No more stock buys? Few hours ago INDEX crashed 40% in 2 hours, down to $4M mcap - What happened? - Book with no liquidity happened. The buy + distribution mechanism is basically dead rn Bot that buys stocks for holders hasn’t triggered in days 0 buys. 0 distributions Fees sitting at 0 ETH today Flywheel stopped Price got crushed Believers still here?
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When Robinhood szn 2.0 starts? $CASHCAT, $PONS, $AI, $INDEX all dumped hard. CT is fudding and panic selling into the fear TVL still sitting flat at $1.13B. Smart money isn't leaving Just MM shaking out weak hands before the next leg Real bottoms are quiet. This one needs more time to exhaust people first People wait for the perfect entry and miss the whole move Once it reclaims, it runs before most even notice If you're in stables - buy now if you're in right bags - hold tight
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$PONS revenue ATL. Bottom in? Hit $800M last month. Down 80% now Yesterday was the lowest revenue day - $30K Weeks ago it was doing $12M > No real liq left > Retail is mad > Some calling it dead Still the main memecoin launchpad on Robinhood Chain Memes aren’t going anywhere. People will keep launching and trading them Most of the selling rn is early buyers taking profit Once that dries up and volume comes back, the flywheel can spin again Still holding PONS?
$PONS buyback pool is almost empty Burn contract ETH dropped from 110 → 90 → 67 in a few days. Daily buyback dumped from $120K to ~$45K over the same period The old pile is almost gone. Only $200K left in the buyback splitter Once it’s gone, burns match real revenue again > Yesterday: $55K protocol revenue > 80% of that = $44K/day > 150K PONS burned at current price Buffer empty. Burns follow real volume now Until volume and fees come back, this is the pace @MEADGod we need some bullish news asap
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$PONS UPDATE Over the past 24h: > Volume: $32M, -6% > Fees: $398K, -6% > Revenue: $55K, -13% > New launches: 1.4K, -13% All metrics fell slightly $290K available for buybacks & burns. 0.12% of total supply Bought & burned, last 24h: > 198K PONS > 0.02% of total supply valued at $47K Cumulative volume: $17.1B
UPDATE ON $PONS Over the past 24h: > Volume: $34M, -21% > Fees: $422K, -13% > Revenue: $63K, -15% > New launches: 1.6K, -16% All numbers declined slightly $300K available for buybacks & burns. 0.12% of total supply Bought & burned, last 24h: > 183K PONS > 0.016% of total supply valued at $47K Cumulative volume: $17.1B
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$PONS buyback pool is almost empty Burn contract ETH dropped from 110 → 90 → 67 in a few days. Daily buyback dumped from $120K to ~$45K over the same period The old pile is almost gone. Only $200K left in the buyback splitter Once it’s gone, burns match real revenue again > Yesterday: $55K protocol revenue > 80% of that = $44K/day > 150K PONS burned at current price Buffer empty. Burns follow real volume now Until volume and fees come back, this is the pace @MEADGod we need some bullish news asap
NEW INTERVIEW WITH $PONS FOUNDER OZZY @MEADGod x @alpha_co | 10/23 > Mobile app is close. Early WL exists. More trading + creator tools than another FOMO clone > Not trying to win Robinhood anymore. Goal is to take share from PumpFun and other pads across chains > Robinhood team is supportive but neutral. Not picking favorites > Goal is to become the main place people monetize ideas, not just another pad > Betting hard on stock pairs + TradFi coming onchain. Thinks that's the narrative that can move volume back > Focus on product rn. V2 had issues, backend is fixed, now working on the next version instead of shipping random features Ozzy says Robinhood season is coming back When volume returns, they want to be ready
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Why $TORCH fee model is better than $PONS Most pads including Pons take creator fees through a Uniswap V4 hook on one main pool Problem is simple: > Someone creates a new pool without the hook > Sets lower fee > Volume moves there after a month > Creator fees dry up > Flywheel dies TORCH does it different Fee is in the token contract itself, not a hook on one pool: > Works on any pool or router > Third parties can make new pools, fee still hits > Only on buys > Harder to bypass That's why their fees should last longer Big difference for long term sustainability of the pad and the coins launched on it
$PONS got a rival. $TORCH wants the launchpad throne @Torchpaddotfun is only 13 days old and already cooking: TORCH: $106k 7d revenue, $11m mcap PONS: $460k 7d revenue, $172m mcap Look at the mcap vs revenue gap Flywheel is the same as PONS: more users → more volume → more fees → more burn Chart went to nearly $20M in 10 days All metrics growing every day: users, fees, burns Meanwhile PONS is looking weak rn ATL on revenue, low burn rate, chart bleeding Tough period for Pons and its holders Too early to say if Torch can dethrone Pons on RH Chain But competition drives progress This will push Pons to get better too
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$INDEX dropped -40% to $4M. No more stock buys? Few hours ago INDEX crashed 40% in 2 hours, down to $4M mcap - What happened? - Book with no liquidity happened. The buy + distribution mechanism is basically dead rn Bot that buys stocks for holders hasn’t triggered in days 0 buys. 0 distributions Fees sitting at 0 ETH today Flywheel stopped Price got crushed Believers still here?
$INDEX dumped back to $7M. Buying? Yesterday showed how easy it is to move a book with almost no liq Rumors about INDEX x Uniswap collab and it pumped +50%. Overnight buys of $40k added millions mcap. Then sells dropped it just as fast Despite the team's silence, a strong community formed around it. Plus follows from @vladtenev, @fern and @MEADGod Any small bullish news or even a single team post could send it to $15M. Book is empty. $61K volume lol Remember, same thin pool can dump the whole move back down just as fast Still believe in the dividends meta?
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NEW INTERVIEW WITH $PONS FOUNDER OZZY @MEADGod x @alpha_co | 10/23 > Mobile app is close. Early WL exists. More trading + creator tools than another FOMO clone > Not trying to win Robinhood anymore. Goal is to take share from PumpFun and other pads across chains > Robinhood team is supportive but neutral. Not picking favorites > Goal is to become the main place people monetize ideas, not just another pad > Betting hard on stock pairs + TradFi coming onchain. Thinks that's the narrative that can move volume back > Focus on product rn. V2 had issues, backend is fixed, now working on the next version instead of shipping random features Ozzy says Robinhood season is coming back When volume returns, they want to be ready
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