Robinhood Chain Attracts 492,793 New Addresses in 11 Days, But Only 1.7% Interact with DeFi

According to Odaily and on-chain researcher clemh59, Robinhood Chain attracted 492,793 new addresses within 11 days of launch. However, cross-referencing with user data from major DeFi protocols including Aave, Morpho, Ethena, and Pendle revealed that only 1.7% of these addresses had any DeFi interaction history, significantly below the 20.6% baseline seen in other protocols.

Among 11,272 active addresses in the past 7 days, hood.fun (a memecoin launchpad) attracted 2,171 wallets, Uniswap attracted 1,658, and NFT minting 156. The chain's only lending protocol, Morpho, recorded zero active wallets. The median wallet holds just $8.2, with 112 addresses accounting for approximately 50% of trading volume. Total on-chain TVL stands at $119 million, though only 7 wallets have active lending positions, with 2 wallets representing 99.7% of the capital.