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Different! I suspect the next bull market will be defined by the convergence of onchain and traditional finance. It's Hyperliquid starting as a crypto app and expanding to broader financial services, and Robinhood starting as a TradFi app and expanding onchain. They're telling the same story fro

@matt_hougan·Jul 20, 2026·8 sources·neutral
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The next bull market will be defined by the convergence of onchain and traditional finance, with Hyperliquid and Robinhood moving toward each other's starting points.

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Different! I suspect the next bull market will be defined by the convergence of onchain and traditional finance. It's Hyperliquid starting as a crypto app and expanding to broader financial services, and Robinhood starting as a TradFi app and expanding onchain. They're telling the same story fro

@matt_hougan
Jul 20, 2026

Hyperliquid started onchain and is expanding to TradFi. Robinhood started TradFi and is expanding onchain. They are telling the same story from two different starting points.

@matt_hougan
Jul 20, 2026

Hyperliquid started onchain and is expanding to TradFi. Robinhood started TradFi and is expanding onchain. They are telling the same story from two different starting points.

@matt_hougan
Jul 20, 2026

Hyperliquid started onchain and is expanding to TradFi. Robinhood started TradFi and is expanding onchain. They are telling the same story from two different starting points.

@crypto_mckenna
Jul 20, 2026

i think the next wave of the Robinhood chain ecosystem pump is going to be far more aggressive than most people expect

@theunipcs
Jul 20, 2026

i think the next wave of the Robinhood chain ecosystem pump is going to be far more aggressive than most people expect

@traderpow
Jul 20, 2026

After a few weeks of activity, the onchain activity on Robinhood is slowly topping (except TVL/S) It's the third narrative support in 20 days, RWA → memes → AI, potentially opening a fusion of those 3 categories, straight towards hypergamblification and trading from the masses? It will be quite im

@louround_
Jul 20, 2026

The Robinhood vs. Coinbase competition is very healthy and fun to watch. Serious players with distribution are pushing tokenization and onchain rails forward. Great for onchain capital market development! Foot faults are only going to push them to counter more aggressively.

@nick_van_eck
Jul 20, 2026