Robinhood Chain Attracts 492,793 Addresses, Only 1.7% Participate in DeFi

Data from on-chain researcher clemh59 shows that within 11 days of its launch, Robinhood Chain attracted 492,793 new addresses, with only 1.7% of these addresses having DeFi interaction records. Among the 11,272 active addresses, hood.fun attracted 2,171 wallets, Uniswap attracted 1,658 wallets, NFT minting attracted 156 wallets, and Morpho had 0 active wallets. The median wallet balance on-chain is $8.2, with 112 addresses contributing approximately 50% of the transaction volume. According to DefiLlama, the chain's TVL stands at $119 million, with only 7 wallets involved in the lending ledger, of which 2 wallets account for 99.7% of the funds.