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taishiro
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That suggests capital hasn't disappeared at the same pace as speculative volume.
The challenge now is turning that capital into sustainable usage instead of relying on the next memecoin wave.
Tokenized equities and other RWAs could become a stronger foundation, especially given Robinhood's existing retail distribution and financial infrastructure.
With its October 27 earnings call approaching, I'm watching for signs that Robinhood can convert its massive user base into real onchain demand.
