▲On-Chain Capital Concentrates

Score history

Daily conviction score, 0 to 100. Higher means the thesis is more strongly corroborated.

Now 86 · +2 since Oct 9 · ranged 84 to 86

Showing the last few days. Unlock full score history.

Why the conviction moved

• Oct 10
  Strengthened +2

  Robinhood Chain's daily transactions fell from 10.8 million to 6.2 million since mid-September, and value secured on the chain dropped 8.1% in a week even though Robinhood still pays network fees on customer swaps. A newer chain is losing activity despite fee subsidies, which fits capital and usage drifting away from chains outside the largest venues.

• Oct 9
  Strengthened +3

  Abstract, the consumer layer-2 from the Pudgy Penguins team, set a December 15 shutdown and says assets left after that will become inaccessible. Users can exit only through a native bridge with a three-hour delay or a migration portal. A branded long-tail L2 closing outright is the consolidation this thesis expects as on-chain capital concentrates.

Showing the last 2 days. Unlock the full record.

Source trail

• Supporting · October 10, 2026

  Robinhood Chain daily transactions fall from 10.8 million to 6.2 million since mid-September

  Robinhood Chain's daily transactions fell from 10.8 million to 6.2 million since mid-September, and value secured on the chain dropped 8.1% in a week even though Robinhood still pays network fees on customer swaps. A newer chain is losing activity despite fee subsidies, which fits capital and usage drifting away from chains outside the largest venues.

  CoinDesk

• Supporting · October 9, 2026

  Abstract Sets December 15 Shutdown, and Users Must Rely on Its Operators to Exit

  Abstract, the consumer layer-2 from the Pudgy Penguins team, set a December 15 shutdown and says assets left after that will become inaccessible. Users can exit only through a native bridge with a three-hour delay or a migration portal. A branded long-tail L2 closing outright is the consolidation this thesis expects as on-chain capital concentrates.

  CryptoSlate