I tend to look at present data points to project where things are headed in the future – and Robinhood paints a pretty clear picture. RH studied the L1 landscape and decided to launch their own Ethereum L2 – directly competing with the legacy chains. That choice speaks volumes: your global architecture, network effect, and app ecosystem didn’t cut it. Instead, they’re betting they can build a chain and adoption from the ground up and do better. And given their track record – hard to bet against them. Until proven otherwise, expect more corpos to take the same path. They’re not looking to play second fiddle to some L1 founder and pay rent on someone else’s chain. They’re looking to do it way better and charge rent themselves – and celebrate your demise at some seaside villa wearing all white. Which raises the critical question: was your chain and DEX’s built to withstand competition from an optimized RH Chain? If you’re unsure, your performance against Hyperliquid is probably...