Robinhood is now working to launch tokenized stocks. What does this mean for crypto and Web3? @RobinhoodApp is one of the largest financial companies in the world and helped bring commission-free trading to the masses. Its entry into crypto and tokenized stocks signals a major paradigm shift that could bring millions of new users into this still nascent asset class. This is beyond bullish for crypto. Now, many are understandably wondering: what does this mean for competition, and what does it mean for chains already working on RWAs and tokenized stocks? In short, it is massively bullish even for the so-called “competitors.” Take Injective, for example. Injective has long been pioneering fully onchain tokenized stocks and real-world assets. A popular TechCrunch article back in 2021 even highlighted Injective’s vision of building a truly onchain Robinhood. This is not new for us. Think about when Base launched. Many assumed Base would dominate and overtake every other chain. Instead, it brought in new users to crypto, which lifted nearly every major L1 and L2. Chains like @solana, @SuiNetwork, and Injective now have more active users than ever before. Base didn’t replace anyone & didn't necessarily bring all new users to Optimism (the stack they used to build their L2); it accelerated growth across the board for crypto as a whole. The same holds true in traditional tech. Tesla put the spotlight on EVs. Afterwards, major car companies entered the space, fueling the rise of a massive EV market. The competition didn’t just create better cars—it brought more customers to Tesla in the long run. What really matters is carving out a unique niche that speaks to a specific audience. This is tech strategy 101. Solana, for example, appeals to many degens. Will they suddenly move over to the Robinhood L2? Probably not. Solana will continue to grow its community, with some Robinhood users gradually exploring the ecosystem. @injective is in a similar position. Will true believers in onchain finance leave for Robinhood? Absolutely not. Injective today appeals to those who value real decentralization—something no other finance-focused L1 is doing at this level. We believe this vision represents the future of finance and will help usher in a new era of economic prosperity. At moments like this, I’m reminded of a famous saying: “First they ignore you. Then they laugh at you. Then they fight you. Then you win.” For too long, Injective and crypto were ignored and laughed at. Now we are entering the phase where major institutions—from @BlackRock to Robinhood—are stepping in and entering the world of Web3. And in the end, Web3 will win. Crypto will win. Injective will win.