📊 Robinhood valuation reappraised


Robinhood Chain three-week TVL is $430 million, but Meme makes up 80%+—the quality of growth is questionable.
Launched less than three weeks ago, Robinhood Chain’s TVL reached $431 million, daily active users exceeded 250k, and DEX trading volume hit $9 billion. But the share of Meme token trading is over 80%, indicating user activity is highly speculative rather than real DeFi adoption.
If we look at early data from other L1/L2 networks, a high Meme share usually means TVL and trading volumes fall rapidly after market sentiment cools. FalconX believes tokenized RWA is the key to the future, but on-chain RWA assets are currently nearly zero.
What is the market pricing right now—Robinhood’s brand effect and user base, or the chain’s own sustainability? Only by monitoring the next month’s TVL retention rate and the speed at which RWA assets are onboarded can we judge whether this $430 million is a starting point or a peak.
$RWA #defi # On-chain data #robinhood # crypto stocks #美股 # valuation #哈世估值表 # blockchain #加密市场 # crypto market #web3 # Hase Chain News #robinhoodchain # tvl #meme
HOOD7.11%
MEME-0.41%
L17.75%
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