What's the Better Buy Right Now: Robinhood or Solana?
With Robinhood's foray into crypto finding early success, Solana will need to fight hard to retain its position.
Overview
Robinhood Markets' (NASDAQ: HOOD) new blockchain, the Robinhood Chain, opened for business on July 1, and by the end of the month, it was averaging $29.7 million in daily tokenized stock trading volume on its decentralized exchanges (DEXs). That sum was even higher than the combined total of two main tokenized equity trading venues on the Solana (CRYPTO: SOL) blockchain -- a reversal of Solana's overpowering lead in the segment thus far, which had begun to look nearly unassailable.
Solana spent 18 months building that lead, and Robinhood is challenging it in a matter of weeks. But, given how quickly capital rotates within the crypto sector to the latest shiny thing, it would be premature to say that Robinhood's position is secure in any way.
Details
So which of these assets will be the better buy once the hype around the new network's debut starts to fade?
Source
Originally published at www.fool.com.