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I think people are overestimating the bullish narrative around social trading after Robinhood’s announcement. In reality, the decision to build this was probably made back when a few Solana social trading apps were booming. But we should look at what’s happening with the existing apps now, where social trading is the core feature – and it hasn’t gone anywhere. They haven’t onboarded new users and aren’t growing at all. Companies that are shipping social trading apps/features nowadays – despite the market only going down – likely do so either because they’re too big to stop midway (and have enough money to run such experiments) or because something is off with their management. On the picture below: the number of daily traders from one of the most popular social trading apps half a year ago Vector(.)fun https://x.com/RobinhoodApp/status/1965589746937446623
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