On-Chain Economic Map

Ethereum carries 61.9% of tracked value, but Robinhood Chain turns over the largest share of its own value through exchanges. Size and use are not the same ranking.

This page asks whether on-chain size becomes real use. It compares value held, stablecoin supply, exchange trading and user fees, then removes the largest chain and checks whether the rankings still make sense.

ETHEBASEBSCSOLATRONBITCARBIROBI
size enters; use, trading and fees come out separately
Value held$79.9bnAcross eight largest chains
Stablecoin supply$275.9bnOn the same chains
Exchange trading · 24 hours$5.8bnReported on-chain swaps
User fees · 24 hours$28.8mnAcross tracked chains
Largest chain share61.9%Ethereum
Top three share77.1%Concentration of value held
Value without leader$30.4bnLargest chain removed
Chains gaining value0 of 8Latest reported day
Most trading relative to sizeRobinhood Chain81.3%
Largest fee marketSolana$12.0mn
Fees per $100 traded$0.50Across tracked chains
Leader share of exchange trading18.2%Ethereum
Stablecoins / value held345.1%Cash-like assets versus reported value
Exchange trading / value held7.2%One-day use rate
Fees / value held0.036%One-day earning rate
Chains compared8Same daily edition

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Does size turn into use?

Value held, stablecoins, exchange trading and user fees are separate facts. A chain only leads the full story when more than one agrees.

ChainValue heldStablecoinsExchange trading · 24hUser fees · 24hTrading / valueFees per $100 tradedOne-day value change
Ethereum$49.5bn$143.3bn$1.0bn$10.9mn2.1%$104.05Not available
Base$6.2bn$5.1bn$811.9mn$1.4mn13.2%$17.24Not available
BSC$5.9bn$13.1bn$951.6mn$1.8mn16.1%$19.14Not available
Solana$5.9bn$15.6bn$1.8bn$12.0mn30.9%$65.74Not available
Tron$5.5bn$94.3bn$37.7mn$247.5k0.7%$65.69Not available
Bitcoin$4.4bn$0.00$450.9k$9.6k0.0%$213.34Not available
Arbitrum$1.4bn$3.5bn$170.4mn$375.2k12.1%$22.02Not available
Robinhood Chain$1.1bn$1.1bn$924.8mn$2.0mn81.3%$21.97Not available

Ethereum carries 61.9% of tracked value, but Robinhood Chain turns over the largest share of its own value through exchanges. Size and use are not the same ranking.

Research by for Charlie Quant Lab · Updated