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taishiro
taishiro
For context, Solana is generating roughly $4M in daily app revenue, with $5.8B in DeFi TVL compared to Robinhood Chain's $1.138B. Pons, one of the chain's biggest growth drivers, has also seen revenue fall to around $35K to $55K daily. That is a major cooldown from the explosive activity that briefly put it ahead of established launchpads like Pump .fun But I wouldn't write the chain off just yet. The more important detail is that TVL has held up better than trading activity.
taishiro
taishiro
Robinhood Chain is learning a lesson the market keeps repeating. Hype can bring liquidity fast, but keeping that activity alive is a different challenge. The Arbitrum based network had a strong Q3 run, reaching 22.3% mindshare and surpassing $100B in cumulative DEX volume, largely driven by memecoins, tokenized stocks and perps trading. Now the numbers are cooling. Daily DEX volume has settled around $676M, while app revenue sits near $416K.

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