CM
CM|Sep 05, 2026 12:04
This can be considered an LP startup. If it takes off, the potential is pretty huge. Its goal is to capture a significant portion of the stock token trading volume on Robinhood and then use the transaction fees to buy back and burn tokens. If it manages to capture 10%, that’s tens of millions of dollars in annual revenue. At the current price, it’s definitely not expensive. Of course, the challenges are significant too. To make trades like NVDA->MU go through the Mushroom Pool, its *liquidity* and *fees* need to be more competitive than the USDG pool. Right now, most of the trading volume still relies on SHROOM itself, so during the initial hype, the fee revenue numbers look great. But if SHROOM’s trading volume drops, the natural routing volume from stock-to-stock trades is actually quite small. There’s a critical point here: before SHROOM’s hype fades, how much fee revenue can be accumulated, and how much progress can be made in capturing normal stock trading volume. The key to how far this project can go lies in this. That’s about all I can think of for now. Open to discussion!
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