Robinhood’s onchain advantage may come from distribution. Robinhood Chain’s TVL has more than tripled over the past month. Robinhood Earn lets eligible users buy USDG and lend it through Morpho within the app using a self-custody wallet. That creates a direct route from Robinhood’s existing customer base into onchain lending. Over time, that model could support deeper lending markets around Stock Tokens.(Delphi Digital)