Base Claims Its Distribution Advantage Can Outlast Robinhood Chain's Initial Surge
Base, a layer-2 blockchain, argues that its established distribution network will outlast Robinhood Chain's initial popularity surge. While Robinhood Chain quickly attracted 230,000 daily active users and over $9 billion in DEX volume (primarily from meme coins) shortly after launch, its core feature of tokenized stocks saw minimal use. Base acknowledged shortcomings in focusing on social blockchain products and lagging in areas like perpetual contracts, predictions markets, and on-chain tokenized stocks—a move Robinhood got right.
In response, Base highlights its nearly three-year head start in building infrastructure. It emphasizes its x402 payment protocol, which has processed 187.8 million agent payments, its $3.9 billion in stablecoin deposits (mostly USDC), and its integration with partners like Visa, Shopify, and JPMorgan for institutional and merchant settlements. Base contends these capabilities for corporate payments and stablecoin liquidity represent a more durable and defensible ecosystem than Robinhood's retail trading metrics.
Coinbase plans to launch its own on-chain, share-backed tokenized stocks on Base, which would directly challenge Robinhood's key differentiating feature. Base's strategy bets that its deep-rooted distribution and institutional partnerships will prove harder to overcome than Robinhood's early, meme-driven volume, which may fade after the initial launch hype.
cryptonews.ru18m ago