HOOD is one of the beneficiaries of this wave of Robinhood chain hype. Robinhood disclosed that 13 of its business lines already generate over $100 million in annualized revenue (trading, interest, subscriptions, cards, banking, prediction markets, etc.). Now, its battlefield has expanded: From 'US stock intraday + crypto spot' to 'prediction contracts + 24/7 tokenized stocks + its own L2.' This wave of Robinhood L2 chain hype has upgraded the HOOD narrative, making it one of the biggest beneficiaries of the RWA narrative.