Robinhood Chain Daily Onchain Brief
Executive summary
Robinhood Chain maintains $1.05B in total DeFi TVL and $1.06B in circulating stablecoins, with lending and risk curation accounting for the majority of deposited capital [4]. Trading activity is heavily concentrated in WETH and USDG, which each generated $99.78M in 24-hour volume across more than 400,000 holders [2, 3]. While mature tokens maintain deep pools, multiple newly created contracts mimic major tickers (such as USDG, NVDA, PONS, and CASHCAT) with thin $5.0K liquidity pools despite logging roughly $20M in volume over fewer than 35 total transactions [1].
- DeFi Total Value Locked
- $1.05B
- Circulating Stablecoins
- $1.06B
- Top 24h Token Volume (WETH / USDG)
- $99.78M
Trending Tokens by Activity
Trading on Robinhood Chain is led by core base assets WETH and USDG, followed by native ecosystem tokens and newly surging meme assets like gilet (+871.84% in 24 hours) [3].
| Token | Price | 24h Change | 24h Volume | Liquidity | Holders | Top 10 Share |
|---|---|---|---|---|---|---|
| WETH | $2.4K | -0.65% | $99.78M | $62.27M | 605.8K | 16.1% |
| USDG | $0.9994 | -0.06% | $99.78M | $59.48M | 431.8K | 51.4% |
| PONS | $0.2901 | -10.74% | $5.03M | $5.29M | 103.6K | 19.4% |
| gilet | $0.00009393 | +871.84% | $2.87M | $20.6K | 936 | n/a |
| SPY | $760.82 | -0.27% | $2.17M | $3.44M | 70.8K | n/a |
New Tokens (Past 48 Hours)
The newest pairs deployed on Uniswap within the last 48 hours show minimal pool depth alongside anomalous trading velocity [1].
| Token | Contract | Age | Liquidity | 24h Volume | Holders | 24h Buys/Sells |
|---|---|---|---|---|---|---|
| PONS | 0xf9dbea39c0f7caf5028adb723573b2648acc4571 | 24h ago | $5.0K | $20.99M | 13 | 14 / 20 |
| USDG | 0x5fc5a1f152a98ae93eb71cccf76ac0dc5f1ad168 | 27h ago | $5.0K | $20.03M | 9 | 13 / 10 |
| NVDA | 0xd06060e73363bf782f5f51063be37aab11139eec | 21h ago | $5.0K | $20.00M | 6 | 13 / 10 |
| USDG | 0x5fc5910f80a6c1275fcfde8fe95056d7d536d168 | 21h ago | $5.0K | $20.00M | 9 | 13 / 10 |
| CASHCAT | 0xa20bf9b71c5b8093afbda956b6ad94e1ff3918b4 | 23h ago | $5.0K | $19.99M | 16 | 15 / 10 |
DeFi Overview and Top Protocols
Robinhood Chain's DeFi TVL sits at $1.05B (-0.19% over 7 days, +9.70% over 30 days) [4]. Total protocol TVLs exceed chain TVL because risk curators and vaults re-allocate capital into base lending markets [4].
| Protocol | Category | TVL | 7d Change |
|---|---|---|---|
| Morpho Blue | Lending | $595.64M | -2.51% |
| Steakhouse Financial | Risk Curators | $525.11M | +6.64% |
| Uniswap V4 | DEX | $171.23M | n/a |
| Lighter Robinhood Perps | Derivatives | $111.96M | -0.17% |
| Arcus Perps | Derivatives | $61.39M | +18.93% |
| Uniswap V3 | DEX | $49.30M | -3.59% |
| Fables | DEX | $33.96M | -9.24% |
| Grove Finance | Capital Allocator | $15.10M | +25.05% |
| Uniswap V2 | DEX | $13.87M | -7.05% |
| Spark Savings | Yield | $10.34M | +12.00% |
Important risks
- Duplicate contract names: Several newly deployed tokens use identical tickers to established assets (such as USDG, NVDA, PONS, and CASHCAT) but operate from separate contract addresses with tiny holder bases (6 to 16 holders) [1, 2].
- Volume-to-liquidity disproportion: The newly listed tokens show roughly $20M in 24-hour volume on only $5.0K of liquidity across fewer than 35 transactions each, indicating extreme wash trading or non-organic volume patterns [1].
- Holder concentration: Highly held assets still feature significant top-holder shares; for instance, the primary USDG token has 51.4% held by the top 10 wallets, and RAREFRIENDS has 63.4% in top 10 wallets [2].
- Meme coin liquidity thinness: The trending meme token gilet posted +871.84% price movement and $2.87M volume over 4 hours, but holds only $20.6K in liquidity across 936 holders, posing acute slippage and exit risks [3].
- Screening limitations: Automated screens showing 'no flags found' are basic initial checks and do not guarantee smart contract security or absence of malicious logic [2].
Sources
- 01DeFi protocols (Robinhood Chain)via DefiLlama
- 02Market overview (Robinhood Chain)via DefiLlama + CoinGecko + Codex