The native (3,3) exchange and liquidity layer of Robinhood Chain. ↑
Robinhood
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Great write up.
The valuation gap between up-2:native and base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 widens once again.
@uponrh is generating 15.53% of Aerodrome's revenue.
But, up-2:native is only 1.09% of base:0x940181a94a35a4569e4529a3cdfb74e38fd98631's mcap.
This means that up-2:native can 14.19x from here before reaching "fair value".
A lot of people are still fading up-2:native when it's the best veDEX I've ever seen. (Yes, I've taken a look at other ones on RH too, some are great like @fablesfi and I am bullish on both projects).
Price is down from short term sellers exiting the RH ecosystem when in reality now is the best time to buy or double down.
When robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 run to > $1. up-2:native and a lot of coins will follow too.
You know what's crazy? The revenue number is when Robinhood chain is not seeing a lot of activity right now.
During peak volume days on ecosystem coins, UP will be generating significantly more revenue.
This is just going to grow over time in the bull market.
There's more than $2m+ in TVL on RH ecosystem coins on Up. Stuff like robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571, $STONKBROKER, $AI, $CASHCAT, $TENDIES, $INDEX, $BONER, etc. you get my point.
This means that when those coins run hard, the revenue Up generates will be significantly more than it is currently.
This is not to mention that robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 will likely be shilled during the Robinhood event that is coming up in a few days. Many hedge funds will be there and they'll buy into these ecosystem coins that are generating revenue.
Then it's going to be too late to buy up-2:native at the current price.
Most traders will never look at these numbers because they trade based on techinicals and FOMO buys. There's a big information asymmetry. That's why the valuation gap still exists.
I'm not paid to shill this. But I am accumulating at these lows.
Would be a mistake to fade UP imo.
Let's print.
(I love base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 too btw. I just think up-2:native is severely mispriced).
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True.
Most metrics are vanity.
Revenue is sanity.
up.
Revenue-generating tokens are going to win in this cycle.
The biggest upside could come from protocols
that share their success with token holders.
10 revenue machines worth watching:
$STONK - @LaunchOnSF
$AERO - @aeroxyz
$PUMP - @Pumpfun
$RAY - @Raydium
$HYPE - @HyperliquidX
$UNI - @Uniswap
$LIT - @Lighter_xyz
$ASTER - @Aster_DEX
$PENDLE - @pendle_fi
$VVV - @AskVenice
The last column is annualized holders revenue as a % of market cap.
Higher % = more value flowing back relative to valuation, and potentially more upside.
Bookmark this one!
The numbers are worth watching.
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up. retweeted
up is third in holder-revenue for Robinhood Chain and second among protocols native to the chain.
Our goal is simple: be the place Robinhood Chain trades, and pay everything that earns back to the people who lock.
Traders get the best price, liquidity providers get paid to keep it that way, and lockers get the fees. Each one paid by the one before it.
Consistent revenue, every week, back to the people using it.
up.
$294,000 goes to $UP lockers tonight, for this week’s revenue share.
Liquidity providers on up can keep their fees or stake for $UP emissions. Staked liquidity is only paid while it's in range, so it stays there. The tighter quote wins the trade, the trade pays the fee, and the fee goes to lockers.
Native to Robinhood Chain.
Built to share what the chain earns with the people on it.
up.
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$294,000 goes to $UP lockers tonight, for this week’s revenue share.
Liquidity providers on up can keep their fees or stake for $UP emissions. Staked liquidity is only paid while it's in range, so it stays there. The tighter quote wins the trade, the trade pays the fee, and the fee goes to lockers.
Native to Robinhood Chain.
Built to share what the chain earns with the people on it.
up.
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up33.xyz is back up.
Our domain host's automated system flagged the domain in error. It has now been reviewed and restored.
Thank you for bearing with us.
up.
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440k UP burn ($234,000) 🔥
Liquidity providers can claim their rewards as UP, or send them to the emissions vault and receive double the value in veUP.
We burnt all UP sent to the vault. Gone from circulating supply for good. Burns will continue as we shrink the supply and move toward decentralisation.
Txn: robinhoodchain.blockscout.co…
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