people are not excited that one of the biggest players in fintech is investing heavily into bringing its tens of millions of users onchain on an ethereum L2 - thought this was exactly what folks wanted?

1. It's good for crypto. Not sure why anyone thinks otherwise.

2. "bringing its tens of millions of users onchain" != having those users use a bunch of crypto apps and protocols. If the UX is focused on trading assets in a vertically integrated way (RH app, chain, DEX) then it's unlikely to have much of impact on actual number of consumers using crypto apps.

Agree. Just like most hyperliquid users who don’t use many other crypto apps or “consumer” apps

Robinhood will probably end up looking more like a Hyperliquid in that they’re vertically integrated at the expense of composability (and decentralization)