Lorenzo Valente(@LorenzoARK):Was debating this with the boys from @therollupco yesterday: is Robinhood Chain activity net-new users onboarded to crypto, or just the same degens ? Dug into the contract-level data. My read: overwhelmingly the latter. Robinhood Wallet routes swaps through 0x's Settler contract, that's the only activity we can actually confirm is Robinhood users, and it's under 1% of transactions (generously call it ~5% if you assume some of the unidentified long tail is Robinhood too). The rest is degen flow from GMGN, Axiom, OKX and other trading terminals doing exactly what they do on every other chain. Same degens, new chain. Will let the @Blockworks guys confirm @smyyguy

2026.09.04 20:17

Was debating this with the boys from @therollupco yesterday: is Robinhood Chain activity net-new users onboarded to crypto, or just the same degens ? Dug into the contract-level data. My read: overwhelmingly the latter. Robinhood Wallet routes swaps through 0x's Settler contract, that's the only activity we can actually confirm is Robinhood users, and it's under 1% of transactions (generously call it ~5% if you assume some of the unidentified long tail is Robinhood too). The rest is degen flow from GMGN, Axiom, OKX and other trading terminals doing exactly what they do on every other chain. Same degens, new chain. Will let the @Blockworks guys confirm @smyyguy