Trending today was "Is the Robinhood chain dead?" Answer: NO! A 23% drop in weekly spot DEX volume doesn't mean Robinhood Chain is cooked. 🙄 Numbers are what they are. Spot DEX is around $5.25B over the last 7 days, "down roughly 23% week-over-week". TVL is still near $1.13B. Perps held up better than spot. Stables sitting around $1.05B. The chain only launched July 1st. That's not a death spiral. That's what happens when launchpads, Stock Tokens, and meme flow run hot for months and the easiest money rotates out. Most people are judging this off the last couple of weeks. The ones writing it off are looking at red charts and calling it dead. @RobinhoodCrypto 's post today shows the plan: More utility on the chain, more integrations in the app, more to do with Stock Tokens, more work still left. That's not marketing. That's them saying the build isn't done. Stock Token collateral already live through Morpho. Perps volume still real. Distribution into the main app was always the real thesis and that didn't go away just because spot cooled off. While everyone's debating the weekly chart, real work is still happening. @RealCashpig has been running 24/7 Robinhood Spaces focused on NFTs on the chain. @coinmun and @funtokio out here every day putting up the daily gainers and the projects still growing and getting attention. That's the difference between watching and actually being in it. Projects that stuck around through the cooldown already showed they can exist past pure launch hype: @cashcat_token @mowcatmeme @ArtificiallyInu @NoWolfAlone @TheAnsemCat @Hoodswordinu @bonercoinlong @frongcommunity @RealNinjaCat @GoodCoinRH @bullish_rh @peponsdotfamily @RealTrollinHood @thinkingcatRH @Juggernautrh @TendiesRH These communities stayed organized and active after the easy volume left. That matters more right now than whatever the September numbers looked like. There's no way @vladtenev lets this thing quietly fade after putting Robinhood's name on it and seeing the kind of early volume and TVL it just put up. A public company with that kind of distribution doesn't launch an L2, prove it can do real numbers, then just walk away because spot trading cooled for a few weeks. Still plans. Quiet periods don't erase them. Yes, the volume drop is real. Thesis isn't dead. People are still building, hosting spaces, and supporting projects. The next few months separate who was just here for the first wave from who actually understood what this chain is trying to be.

So happy to see the @RobinhoodCrypto chain continue to grow. It's also nice to see the OGs of the chain continue to trend. good-in-the-hood:native robinhood:0x27495511b8a2e163efc75d788706a40dd100bc27 robinhood:0x2a13008cc2f5a853f6fb21cbd90841806c64b247