Barry Plunkett, co-CEO of Cosmos Labs (ATOM), stated that the collaboration between dYdX and Robinhood Crypto on Real World Assets (RWA) has a limited impact on ATOM. He explained via X, "The dYdX chain operated independently from the beginning, and although it used the Cosmos stack, factors such as fees and security did not significantly affect ATOM." He added, "The ATOM community did not bear the cost of dYdX's migration to Cosmos, so ATOM will not suffer any losses from this collaboration." Plunkett assessed that dYdX has struggled for some time under pressure from competitors like Hyperliquid and Lyra, contraction in DeFi, and Web2.5 services like prediction market Kalshi, making it a reasonable choice to target the RWA market with a partner like Robinhood, which has a distribution network. Earlier, dYdX Labs announced the launch of Arcus, a decentralized exchange for tokenized stocks and perpetual futures trading, with Robinhood Crypto.
