UNI (UNI)

Robinhood Chain is starting to get interesting.

TVL is up 452% in the last 7 days, but what's stood out isn't just the capital flowing in. It's how quickly that capital is being used.

Relative to the TVL sitting onchain, @RobinhoodApp is generating fee velocity at roughly 4x @HyperliquidX's pace and more than 30x @Base or @arbitrum.

The obvious question becomes: who's actually capturing that activity?

Right now, it's mostly $UNI. Uniswap controls 99.7% of DEX volume, generates 52.5% of tracked protocol fees, and does it with just 32.1% of the chain's TVL.

$MORPHO tells the opposite story. It holds 67.6% of all TVL, but most of that capital is parked in lending rather than driving transaction volume.

Outside the core infrastructure, a few names are already emerging as early category leaders:

• Memes: $CASHCAT, $HOOD, $DIH
• Games: $YURU
• AI/Agents: $VEX, $RANGER

It's still early, and things are changing almost daily. But volume is accelerating, liquidity is growing, and a lot of users still haven't bridged over yet.

If that capital continues moving onchain, this is the kind of setup that can turn into a very active summer.

I sound like a broken record but I think there are only about 5-10 good altcoins at any given time in the current market conditions. Usually there's some sort of theme and right now, it's all Robinhood related. Coins on my watchlist:

$UNI
$AAVE
$LIT
$VIRTUAL

Other interesting 1s:

$HYPE
$ZEC
$AERO
$SYRUP