I feel like a lot of people in the comments are getting too hyped about RH’s narrative and not really understanding what I mean. The logic I’m talking about and the project I’m working on right now have nothing to do with BNB, and my choice of materials doesn’t depend on which chain it’s on. If RH does well, the contract for RH’s token on BNB will also be liked by BNB users. I’ve personally tried running a Solana launchpad. Back in the day, I sided with Pump during the Bonk vs. Pump hype. I’ve also set up meme plays on Sui and got results. So I have a better understanding of the core issues behind all the hype (if you’re interested, you can check out my past opinions on my profile). No matter the ecosystem, market-making has become a mature industry chain by now: sourcing angles, on-chain MM, funding and financing, marketing leaders, token listing resources… Any runner that can make it big is never just about simple “PVE synergy.” Correspondingly, a team capable of orchestrating the big picture also incurs staggering costs (I’m talking about sunk costs, regardless of whether they succeed or not). And no dev team in any ecosystem is going to work for free out of love. So the market makers must make money. How? Who’s on the other side of the trade? If we’re just talking about spot trading, the only entities capable of providing a $100M+ on-chain meme counterparty are the top CEXs (don’t expect the on-chain base to handle it). If it’s not just spot trading, then one or more derivatives contracts are absolutely necessary—possibly even a better choice. Derivatives trading volume doesn’t directly impact spot prices, but it can bring in more funds to play the game and allow cashing out without “crashing the market.” Memecoins will never be able to rely on U.S.-compliant channels for exit liquidity (market makers can’t achieve market fit there). There’s no historical precedent for this. You have to look to Asia for counterparties. FTX was a product of its time. It’s impossible to replicate a CEX that’s widely accepted by Asian retail investors in a short period of time now. Robinhood itself doesn’t have the token listing effect. As an exchange, its crypto trading volume is even lower than Bybit’s. So I have no doubt that RH can achieve a level on-chain in the memestock space that’s no less than Solana AI memes in 2024. But I’m also highly confident about RH’s trajectory mirroring the latter half of Solana AI szn’s market trend. The focus now shouldn’t be on creating another “new era FTX,” but rather on figuring out how to use derivatives markets to delay the on-chain spot market crash. Building a sustainable mutual support system is the one and only lifelong challenge for every ecosystem.