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Robinhood chain total value locked (TVL) has reached 97m, about to break $100 million.
Robin chain has been live for less than 10 days. For comparison, SOL and BSC currently have TVL of $4.9 billion each, leaving plenty of room for Robin chain.
My view is that Robin chain is still in early breakout:
▪️ First, the data matches the characteristics of early new chain explosions: TVL ramps up quickly in the first 1-2 weeks after launch. During this phase, capital + attention + project teams flock in.
▪️ Second, Robinhood itself has tens of millions of users, with huge potential for on-chain conversion.
▪️ The official stance is open and embracing toward on-chain ecosystem and memes, which will attract more project teams to participate in ecosystem development.
Personally, I’m mainly holding $CASHCAT . I think hitting $1 billion is very possible. The top meme is a key factor that determines a chain’s ceiling. If you’re bullish on a chain but don’t know what to buy, buying the leading token on that chain is a safe bet.
0x020bfc650a365f8bb26819deaabf3e21291018b4