1/ @Fables I think there is a sleeper on Robinhood Chain that the market is completely overlooking.
In the last 4 weeks:
Fables price -75%
Fees: +10x
Market share +5x
The reason is likely a mix of the 40:1 token conversion being confusing and the big drawdown of the whole
@0xDaes@fablesfi build a ve33 dex on top of uniswap with v4 hooks. already processed 2b volume and have deepest liquidity on entire chain for key pairs like eth/usdg
.@fablesfi produced $283k in fees in 24h on 50m TVL.
AERO with 400m TVL produced $457k fees.
Thats 5x the fees per dollar of TVL for Fables.
If we break down both to $1m TVL, it's:
Fables $5,660 daily fees.
AERO $1,145 daily fees.
Robinhood Chain has 1bn TVL currently.
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robinhood:0xb9972ca7188e511174947e3936a5315ac7073277 / @fablesfi
$135k fees to $53m volume is some extremely nutty numbers, not a single other product is getting close to this in any form
Sitting at a whopping 9m mc is criminal at this point, ath of 20m was made when we were at 7m TVL and 34m vol / 34k fees
Last time we were sitting at such a misprice, we went from 3m -> 20m