Entropy Advisors

Entropy started with a mission to support decentralized governance, but over the last 2 years our work has expanded across data, incentives, and treasury management. We're excited to unveil a sharper identity that reflects the work we currently do and for where we're headed.

Data: dune.com/entropy_adviso…

Two weeks post-launch and following the July 10th memecoin craze, the @RobinhoodApp Chain is finding its baseline. Daily network fees are currently stabilizing between 50-60 ETH. While the sample size remains small, extrapolating the 7-day moving average reveals the efficiency of L2 unit economics: - Projected annual revenue: ~25,000 ETH - @arbitrum Expansion Program licensing fee: ~2,490 ETH - Ethereum L1 rent: ~130 ETH By batching transactions into blobs for L1 settlement, the associated expenses remain a tiny fraction of gross revenue.

There's nearly $300M of stablecoins on Robinhood Chain of which over 75% has been deposited on @Morpho. USDG and @ethena's USDe make up over 90% of Morpho's Total Market Size, with USDG depositors earning up to 7.5% APY through @SteakhouseFi's USDG vault.

@RobinhoodCrypto Data: dune.com/entropy_adviso…

@Alchemy @OpenZeppelin @Swagtimus @arbitrum 5:30pm BST For our final session of the day, we have @EntropyAdvisors on stage breaking down Arbitrum tech and economics followed by an open Q&A! 🚀

Arbitrum just passed an offchain vote to sell early access to its txn feed without enabling frontrunning. Subscribers pay the DAO to see txns a beat before the public feed, catered to market makers and searchers. Another revenue stream without charging users another penny.

Robinhood Chain daily DEX volume has passed $500M, close to 5x the previous daily average. The catalyst is Noxa Launchpad, which has minted over 9,800 tokens today alone and now ranks as the 3rd highest gas-consuming contract on the chain in the past 24 hour. Popular memecoins launched via Noxa include CASHCAT, DIH, GME, and JUGGERNAUT.

4/ With OUSD's launch coming later this year, we can look to USDG as its closest live reference - the same revenue yield-sharing model at a $3B market cap, having grown from 6 to 100+ partners. As consortium stablecoins grow, expect more institutions to join USDG.

3/ The majority of the USDG reserves are sitting in Money Market Funds and T-bills. With an estimated net yield of ~3-4%, those reserves could be distributing up to $60M in annualized revenue back to its partners.

Last week, 140+ firms pledged support for Open USD: a stablecoin sharing its reserve income with partners. However, this model isn't new. @Paxos' USDG is the first consortium to share economics with participating firms such as @RobinhoodApp, @galaxyhq and @krakenfx.

NEW: Robinhood Chain hits $100M in TVL just one week after launch.

Robinhood's total tokenized value has surpassed $36M across @arbitrum and the @RobinhoodApp chain. While Arbitrum has $24M spread across 2,000+ assets, the Robinhood chain holds $12.5M with just 100 assets, signaling a much higher value concentration per asset.

USDC and USDT supply rates are now above 6% on the @0xfluid lending protocol on @arbitrum. The rates for both assets have been climbing in tandem since the beginning of the year.

@0xfluid @arbitrum @Dune Data: dune.com/entropy_adviso…