Robinhood Chain launch draws mixed VC views as Zapper sets Aug. 3 shutdown
ChainFeeds’ July 12 VC roundup highlighted Robinhood Chain’s mainnet launch, Zapper’s planned shutdown, new research on quantum threats to Web3, and a busy week for private fundraising. Robinhood Chain drew sharply different reactions from investors. Syncracy Capital’s Ryan Watkins said he sees little reason for users to replay the same zero-sum trading activity on a 2/3 multisig L2 built around forked protocols, adding that Robinhood could have done more than try to revive a 2024-style trend. He did, however, praise Robinhood’s integration of Morpho and Ethena into the app’s Earn feature. Pantera Capital’s Mason Nystrom said the chain’s sequencer has already reached a revenue run rate of more than $10 million on an annualized basis, assuming recent trading volume holds, and argued that Robinhood’s distribution should not be underestimated. Pantera’s Danning focused on product design, saying the chain offers a smooth way for users to move capital between onchain markets and stocks. The roundup also noted that DeFi portfolio platform Zapper will shut down zapper.xyz, its mobile app, and API services on Aug. 3. Separately, ChainFeeds listed IOSG Ventures’ work on quantum risk, a Variant Fund piece on where new crypto inflows are going during the AI boom, and a Glassnode report saying crypto market bottoming is still incomplete.








