Curve’s biggest revenue market last week wasn’t Ethereum, but Robinhood Chain 🟡 @CurveFinance currently has only ~$386K in TVL on Robinhood, just ~0.03% of Curve’s total $1.27B TVL. yet over the latest 7D, Robinhood generated: → ~$61.9M DEX volume → ~$82K protocol revenue → ~$73.8K holder revenue that’s ~55% of Curve’s entire protocol + holder revenue for the week, from just that 0.03% of TVL as I mentioned. the most absurd part is the volume efficiency Curve on @RobinhoodCrypto Chain processed roughly 160x its current TVL in volume last week. while Ethereum still holds the majority of Curve’s liquidity, Robinhood generated more than half of the economics flowing back to the protocol. this matters because Curve fees ultimately flow into the veCRV ecosystem. it’s also why I’m increasingly skeptical of using TVL alone to judge where real economic activity is happening. ofc, there’s one caveat: the spike is cooling pretty quickly. 24H volume is now down to just ~$437K, compared with a 7D daily average of ~$8.8M. so I wouldn’t call this a structural trend yet. but anw, I’m still curious which pool generated that ~$62M in volume, and what actually caused the spike 👀
Fabius DeFiShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
