# Robinhood Chain liquidity — X 热门讨论 (2026-10-02 11:31 UTC)
## @Sivan_0x (SIVAN) · 10-02 10:30 · ♥186 ↻125 💬8 I've paid for liquidity I never questioned. Real money, real lessons. So I'm not tagging a favorite on Robinhood Chain. I'm starting a fight over its liquidity landscape.
My picks: @Uniswap and @rialto_xyz .
@Uniswap is the chain's primary public AMM. @rialto_xyz is listed as a PropAMM / Aggregator, with a PropAMM-driven spot exchange.
That's the contrast I want creators to explore: public AMM liquidity versus PropAMM-driven spot trading.
Now I'm curious where the timeline lands. If you could put only one on Rally first, which would you choose, Uniswap or Rialto? More importantly, what would you want creators to investigate? > 引用 @RallyOnChain: RALLY IS LIVE ON ROBINHOOD CHAIN 🚨
Robinhood built an AI-native chain, so we brought the AI-native attention layer to it.
Starting today, any project on @RobinhoodCrypto can fund a Rally campaign with its own token and put 150K+ creators to work on its story.
Welcome 💚 https://t.co/FkWc6rbgAe https://x.com/Sivan_0x/status/2105968668542734374
## @IniOyekale (Iloveyou.kale💜) · 10-02 08:50 · ♥91 ↻47 💬0 Rally just landed on Robinhood Chain and I want @native_fi to run the next campaign.
Most people will hear “tokenized stocks” and stop at the headline. That misses the part that decides whether the product is useful: how an asset gets a price, where liquidity comes from, and how an order actually settles.
Native is a day-one Robinhood Chain partner building onchain spot liquidity. Its Native Core is a fully onchain, permissionless spot order book with market and limit orders. That gives Rally a much better brief than “explain RWAs.” Ask creators to explain the difference between an asset being represented onchain and an asset being tradable there, then make them show why price discovery and execution matter.
The reason Native deserves a campaign is not that tokenized stocks sound futuristic. It is that the project sits at the unglamorous part of the stack most timelines skip: the machinery that can turn a tokenized equity from something displayed in a wallet into something that can actually meet a market.
That is the kind of campaign I would read. Not another post repeating “stocks onchain,” but a competition over who can make liquidity and execution understandable without hiding behind jargon.
Rally has just opened the distribution layer. @native_fi is a strong test of whether creators can explain the market layer underneath it.
Which part would you make creators explain first: price discovery, order matching, or settlement? > 引用 @RallyOnChain: RALLY IS LIVE ON ROBINHOOD CHAIN 🚨
Robinhood built an AI-native chain, so we brought the AI-native attention layer to it.
Starting today, any project on @RobinhoodCrypto can fund a Rally campaign with its own token and put 150K+ creators to work on its story.
Welcome 💚 https://t.co/FkWc6rbgAe https://x.com/IniOyekale/status/2105943530891788705
## @StarPlatinum_ (StarPlatinum) · 10-02 10:04 · ♥117 ↻8 💬37 So ok let’s address the elephant in the room with $NET
The token went from an ATH of $1,853 on August 29 to $304 today, 84% down.
Good thing, during this collapse the treasury kept growing
According to the team:
Treasury: $15M on September 11 → ~$26M on September 29 Backing: ~$173 per NET Backing including the RWA sleeve: >$210 per NET ~$1M of NET bought back over 5 days
(Also 1,400 NET bought in 14 hours on September 29)
But yeah Star this is bullish so why is this down???
When NET was ~$650 with a NAV at $174.6, the market was valuing it at 3.7x NAV.
At ~$304 today: $304 / $173 = ~1.8x NAV.
Or 1.5x if you use the team’s >$210 figure including the RWA sleeve.
That’s a massive multiple compression.
And I believe there’s a reason the market is questioning that premium.
NET has an emission problem that it still needs to prove it can solve.
The team has previously described maximum staking emissions of up to 1.36% daily under certain conditions.
So basically saying “the treasury is growing” isn’t enough.
If treasury assets grow 10% while the economic claims against that treasury grow 15%, holders didn’t become richer.
The important thing here is NAV per NET.
And this is exactly where RWB V3 enters
The old Real World Bond mechanism could introduce inflation.
V3 supposedly changes that.
The new loop is basically:
Existing RWA inventory → bonds → assets received go into the credit desk → borrow more USDG → buy NET → reuse the RWA inventory.
According to the team, RWB V3 is now completely non-dilutive to NET.
If that actually works economically, it directly addresses one of the biggest problems with the model.
But I want to see it working over time.
NetNet desperately needs revenue sources beyond bonds and they’re clearly trying to build them.
You now have NetNet Predict, Credit Desk, RWA products, NetCorp, Staking and more
But that’s also why I’m interested.
They’re experimenting with ways to turn tokenized equities into actual financial applications.
And finally we have Robinhood.
NetNet is probably one of the projects most aggressively building around the RWA thesis on Robinhood Chain.
You know I’m bullish on Robinhood Chain and tokenized assets.
So right now my thesis is actually pretty simple.
The chart looks fucking horrible, I still have a large part of my position staked.
And I’m watching four things:
- NAV per NET - Net emissions vs buybacks/burns - Real revenue generated by these products - Treasury composition and liquidity
If treasury growth continues, RWB V3 actually removes dilution, the new products start generating meaningful revenue and NAV per NET increases
then this could end up being an incredible opportunity.
And at this point, I’m already in it nothing in between.
(NFA, DYOR, I’m dumb and this is just my thesis) > 引用 @StarPlatinum_: Well, if I share my wins, I also have to share my losses.
I’m getting destroyed by the $NET chart, the token has been in absolute decline for the last 8 days.
Not even yesterday’s Space and the MMORPG announcements have managed to turn things around.
I still have a large part staked, so for now the situation is very simple.
Either this goes to 0 or it becomes one of my best trades, nothing in between. https://x.com/StarPlatinum_/status/2105962202377159029