Robinhood Chain TVL nears $1B, but analyst recalls fate of failed L1s
- —Robinhood Chain TVL is $928 million, up 71% over 30 days
- —Daily DEX volume is $1.55 billion, perpetuals volume is $577.58 million
- —Fantom fell from $7.7 billion TVL to $4.8 million, Aurora from $2.6 billion to $3.1 million
- —Canto's TVL fell from $200 million to $3.6 million, Songbird from $50 million to $200,000
Why it matters: Robinhood Chain's growth has yet to be tested by a full market cycle, and the history of L1s shows liquidity can vanish once interest fades.
Source: CryptoPotato