Been looking at $UP @uponrh on Robinhood Chain for a few days and I can’t figure why it’s priced this cheap with the fees it’s pulling in.

Last 24h the DEX did about $66k–$67k in fees and ~$34k in revenue to voters.

Over 7 days that’s ~$348k in fees and ~$217k in revenue. Sitting on ~$7.5M TVL and ~$24M in daily volume. Fee ARR is running around $9–10M.

Stacked it against $Delta on the same chain. The $DELTA pool is doing about $31k in fees over 24h with a ~$20M market cap. $UP is printing more daily fees as the native ve(3,3) DEX and trading a lot cheaper.

Emissions are different from the usual ve(3,3) setup too. They only emit to pools that actually make fees. The rest gets burned. Circulating supply barely moved after a few months, and they already burned a big chunk of total supply.

Team’s out of Promethean. They already ran a dominant DEX on Abstract. If #RHC keeps growing, this gets interesting and this could be one of the leaders

https://dexscreener.com/robinhood/0x23d641feccd207e8794c593e8240444a0674c4ba

0x57C0E45cB534413D1C20A4240955d6bB250BB4F1