Glossary of the metrics on these dashboards.

Total value locked across Robinhood Chain protocols. It excludes stablecoin market cap, to avoid double counting: part of that supply is already counted where it sits inside a protocol such as Uniswap or Morpho.

The share of Robinhood Chain TVL held by each category of protocol on the most recent day — spot DEXs, perp DEXs, lending, liquid staking, asset management, prediction markets.

Market cap of every asset issued on Robinhood Chain, split by asset type.

Market cap of stablecoins issued on Robinhood Chain, by symbol.

Total value bridged onto Robinhood Chain through the canonical bridge. It measures the bridge, not the chain — assets that arrived another way are not in it.

Daily inflows and outflows through the canonical bridge, stacked into one bar per day, with net flow overlaid.

Daily transaction count, with the cumulative total since launch overlaid.

Addresses transacting on a given day. The cumulative line beside it counts each address once, so it is unique addresses ever seen, not a sum of the daily bars.

Contracts deployed each day, with the cumulative total overlaid.

Average transactions per second and megagas per second across the day — how much of the block is being used, in both counts and gas.

Failed transactions as a share of all transactions. A high fail rate is not on its own evidence of a bad experience: it often comes from traders setting low slippage tolerance on volatile pairs.

Average and median transaction fee in USD, plotted together. The two diverge when a small number of transactions pay far more than the rest, which is why both are shown.

Average gas price paid on the chain, in gwei.

Contracts ranked by gas spent, with 30-day interaction counts — what the chain is actually being used for, by consumption rather than by name.

Transaction fees collected on Robinhood Chain. It is the top line the rest of this board decomposes.

What the chain pays Ethereum to post its data, split into L1 transaction costs and blob costs.

The part of the Ethereum cost paid for blob space — the data availability half of posting to Ethereum, as opposed to the L1 transaction cost of settling.

The licensing share owed to Arbitrum on Robinhood Chain revenue. Net revenue — fee revenue after Ethereum posting costs — splits 90/10, and this is the 10%.

The other 90% of net revenue: what the chain keeps after Ethereum posting costs and the Arbitrum licensing share.

Fee revenue net of Ethereum posting costs and the Arbitrum licensing share, expressed as a share of fee revenue.

The running total of gross profit since launch — fee revenue less both Ethereum posting costs and the Arbitrum licensing share.

Daily fee revenue multiplied by 365 to give a run-rate, smoothed with 7-day and 30-day moving averages. It is a projection of one day's economics onto a year, not a figure that has been earned.

Fee revenue collected since the chain launched.

Onchain automated market maker liquidity, by DEX protocol. Long-tail assets are not included.

Daily spot trading volume across all onchain liquidity sources on the chain, split by protocol.

The same volume as a share by pair category rather than by protocol — memecoin pairs and ETH-USD pairs are tracked separately, so the mix is visible rather than implied.

Tokens created each day, by launchpad platform.

The total USD value of tokenized stocks issued on Robinhood Chain.

ProvisionalThe dashboard reports a USD value but does not state the price source used to convert tokenized shares into it.

The same value split by what is being tokenized — equities, US Treasuries, and the other asset types issued on the chain.

For one selected token, the number of shares tokenized on the chain with their USD value overlaid.

Tokens issued (minted) and redeemed (burned) each day. It measures issuance and redemption, not trading.

The same flow for one selected ticker, in shares as bars and USD as lines.

Holders of a stock token, counting only addresses with a balance over one dollar. Dust balances are excluded, so this is smaller than a raw holder count.

Daily onchain trading volume of the stock tokens, stacked by protocol. Separate from mint and burn volume — this is secondary trading.

The latest snapshot of every tokenized asset on the chain, ranked by market cap.

Total supplied across Morpho lending markets on the chain, broken out by symbol.

The portion of that market size currently borrowed, across Morpho markets on the chain.

Total value held across Morpho vaults on the chain, and per vault over time.

A vault's yield including incentives, as of the latest snapshot — not the base lending rate alone.

The party listed against each vault in the ranked vault table, alongside its TVL and APY.

ProvisionalThe dashboard names a curator per vault but does not state what a curator controls, so nothing further is claimed here.

Daily traded volume across every listed market, split by market group. The headline figure beside it is trailing-24h volume.

Gross open interest across every listed market, excluding the OLP. Stacked by market group, so the top edge is protocol-wide OI.

The same measure with the OLP counted, which is why it reads higher than the excluding-OLP series beside it.

Onchain total value locked across the five Variational components: the Core OLP Vault, OLP hedging, the referral reward pool, the settlement pool and the treasury balance.

Protocol-wide long open interest divided by short open interest, summed across all markets. Above 1.0 the book is long-heavy; below, short-heavy.

Accounts with any inflow or outflow on a given day, shown with new accounts and a cumulative account count.

The count of markets quoted on the latest snapshot.

The quoted spread in basis points at a $100,000 trade size, derived from a market's bid and ask quotes. It is the cost of trading at that size, not the top-of-book spread.

How many times a market's open interest turns over per day: 24-hour volume divided by gross open interest.

The funding rate for a market, annualized. Positive means longs pay shorts.

The latest snapshot of per-market open interest, skew, funding and 24-hour volume, as one table.

Long and short open interest for a market taken together. On the per-market chart short OI is drawn below the zero line, so the extent either side of zero is the size of that side of the book.

Each ticker's share of trailing-24h volume as of the latest snapshot. Markets past the tile cap are bundled into one 'Other' tile.

On this dashboard, the tokenized real-world asset (RWA) markets Variational lists, as against its crypto markets. Every metric on the board is measured across that subset.

ProvisionalThe board does not enumerate which classes of underlying are in scope, so no list of them is given here.

The median quoted spread at $100,000 across the RWA markets, in basis points, plotted against the crypto median. The gap between the two bands is what it costs to trade a tokenized asset rather than a perp.

The RWA markets' share of trailing-24h protocol-wide volume.

The RWA markets' share of protocol-wide gross open interest.

Every RWA market on the latest snapshot, ranked by 24-hour volume, with its open interest, skew and funding.

USDC held by the Variational treasury wallet on Arbitrum, with the daily net change beside it.

USD inflows to the treasury wallet, read as protocol revenue, as daily bars with the running total overlaid.

One day's USD inflow to the treasury wallet. Buy-back analytics are not part of this board.