Is Robinhood Chain Reigniting Crypto’s Retail Economy?
Episode publishedPodcast: 0xResearch0xResearch
Transcript preview
Preview only
Nothing said on ZRX Research is a recommendation to buy or sell securities or tokens. GM GM, welcome back to another episode of ZRX Research, joined today by some big brains on the Blockverse research crew, Kunal, Mark, and Ryan. Seems like bull market is back in full effect, particularly on the Robinhood trenches. So quick sentiment check around the horn. How how are you feeling here?
Ryan, you wanna kick it off? How are you feeling? Yeah.
Yeah. I'll kick it off. I mean, obviously, like, I can't lie. There is a bit of euphoria. I've been more euphoric in the past than I am right now. It generally does feel like we're at an inflection point in the market zooming out from, like, specifically Robinhood. BTC and other cryptos, like, had that big impulse move up. We've kinda chopped sideways. I think it's bullish that we haven't dropped back down that, like, it's just kinda maintaining this. So, yeah, I in pertains to Robinhood, like, I think if majors keep going up, like, I think we're probably can continue to see that market contin
Yeah. I'm gonna echo that consensus. I'm it's probably weighted up from here. Obviously, there's still some, you know, macro headwinds that could throw a wrench in everything because crypto is very heavily affected by macro now. But once inflation is tame, once a geopolitical, let's call it warfare, remains tame as well, Yeah, I think we're positioned well. Outside of that, I'm going to be looking at ETF flows as my sentiment check. And so far, so good.
Yep. For me, I think I'm just pretty excited that on chain is really heating up and just outside of meme coins, you're seeing a lot more innovation. NFTs are picking back up. You have a lot of V4 hook related stuff. Exciting that finally after a period of when nothing is happening, now suddenly so much cool stuff is happening. There's a lot more to research into. There's a lot more plays, a lot of my group chats. Now there's like 100, 150 messages in an hour. So there's clear signs that people are more interested and more locked in. So even if BTC goes sideways, think we'll still get a lot mor
Yes, it's the right time in the market to be super locked in on the opportunities. My view is looking at Bitcoin kind of top down here as it goes sideways, it's still outperforming the Nasdaq on the margin. But kind of as it consolidates, we've seen on chain heat up significantly. I don't know about you guys, but I've I've been having more fun on chain in the past few weeks than I don't know, maybe the the restaking farming days of the previous cycle. And yeah, that's we're we're only maybe two weeks into the cycle. So I I think the opportunities here are are vast and looking not at price char
Yep. Totally. So I think it's kinda zooming out, like, just like AMMs. Right? Like, one of the superpowers of AMMs is, like, you can connect the value of two assets together. This is like an I I think this is, like, kind of the superpower of AMMs. Like, obviously, if you're just looking at it purely from, like, liquidity efficiency, like, clubs blow AMMs out of the water, unless you're talking super long tail assets. But, like, if you wanna, like, connect the value of two assets together, the way you do that is through an AMM. So, like, historically, meme coins are just kinda paired with, like
Yeah. And some crazy share of Robinhood's total on chain equity volume is being driven by these meme coin pairings. And one chart I want to share here, which is pretty interesting, there was a run up in a meme coin called Boner, which was paired with Him's stock, one of the most shorted stocks. Basi
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.
Go deeper with this episode
Generate a summary and deeper analysis from the existing transcript.