Robinhood Chain onchain activity has exploded in recent weeks, with DEX trading, transactions, and revenue spiking. The obvious equity exposure is Robinhood because Wall Street has not properly valued this new business line, and the stock is ripping ahead of a potential earnings surprise.
Hyperliquid is the runaway success behind the buyback mania because it uses about 97% of revenues to buy back and burn HYPE. Its token has stayed strong in a bear market while volumes hit all-time highs, supported by business lines beyond crypto trading.