Robinhood directly got involved this time to build their own L2, and tokenized stocks, putting them on-chain for 24/7 trading. Liquidity is provided by Uniswap.
Nice way to put it is “innovation”; the harsh truth is it’s basically trying to steal the on-chain brokerage business.
Old-timers only care about one thing: if UNI really becomes the core liquidity pool, the subsequent fee revenue could be pretty significant. But whether this L2 can survive still depends on gas costs and management level. #Robinhood $UNI $HOOD.US
Nice way to put it is “innovation”; the harsh truth is it’s basically trying to steal the on-chain brokerage business.
Old-timers only care about one thing: if UNI really becomes the core liquidity pool, the subsequent fee revenue could be pretty significant. But whether this L2 can survive still depends on gas costs and management level. #Robinhood $UNI $HOOD.US