Base is already clearly losing in its struggle against the Robinhood Chain.
The data is already showing signs:
@base chain’s DeFi TVL reaches $5.48 billion, while @RobinhoodApp Chain’s corresponding figure is $640 million—8.5 times higher for the former.
But even with such a huge TVL gap, RH Chain’s app revenue over the past 24 hours is $1.24 million, which is even ahead of Base’s less than $0.8 million.
At present, it seems that RH Chain’s capital efficiency is significantly better than Base’s—truly keeping capital circulating on-chain.
What’s terrifying is that this is still achieved against the backdrop of strong expectations for Base to issue more tokens.
#Base #Robinhood
The data is already showing signs:
@base chain’s DeFi TVL reaches $5.48 billion, while @RobinhoodApp Chain’s corresponding figure is $640 million—8.5 times higher for the former.
But even with such a huge TVL gap, RH Chain’s app revenue over the past 24 hours is $1.24 million, which is even ahead of Base’s less than $0.8 million.
At present, it seems that RH Chain’s capital efficiency is significantly better than Base’s—truly keeping capital circulating on-chain.
What’s terrifying is that this is still achieved against the backdrop of strong expectations for Base to issue more tokens.
#Base #Robinhood
