robinhood chain is dead. wrong. the chain is alive. the casino is dead. here's what happened. > sep 4: users paid $8.4M in gas on robinhood chain. in one day. > oct 18: $34K. > -99.6% 74% of all the gas ever paid on this chain was paid in just 14 days (aug 28 → sep 10). that was the @ponsdotfamily frenzy. bots bidding up gas to snipe launches. the average tx cost $0.60. now it costs $0.006. now look at the casino. peak 14 days vs the last 14: > pons v2, the #1 launchpad: $87M in fees → $7M (-92%) > @gmgnai on robinhood chain: $22M → $0.9M (-96%) > @AxiomExchange: $4.6M → $0.3M (-94%) > the median robinhood memecoin: -97% from its ath > 72% of them are down 90% or more and the 4 worst days for fees and transactions since launch week? all in the last 10 days. so it's dead? no. there are still: > 873K active wallets last week. arbitrum: 589K > $345K in gas last week. arbitrum: $135K > tvl just hit an ath: $1.05B but look closer at that tvl. ~$480M of it is two morpho markets where people park usde and syrupusdg to borrow usdg at ~89% ltv. 98% of all the usde on the chain is in one single market. that's a leveraged carry trade. 1 usdg/usdg pool did $100M of "volume" in the last 24h. 1 wallet. 20 trades. so here's the honest read: the degens left. the money that stayed is parked, not moving. what's left is a normal mid-size l2: half of base, 2.5x arbitrum, with a stablecoin loop on top.