[Analysis: Active transactions on Robinhood Chain mainly originate from trading terminals like GMGN and OKX, with Robinhood Wallet-confirmed transactions accounting for less than 1%] Odaily Planet Daily News – Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, posted on the X platform stating that after analyzing data at the contract level on Robinhood Chain, he believes that the current on-chain active transactions primarily come from existing crypto trading users, rather than a large influx of new crypto users brought in by Robinhood. Valente noted that swaps on Robinhood Wallet are routed through the 0x Settler contract, which is currently the only on-chain activity that can be explicitly identified as originating from Robinhood users, accounting for less than 1% of total transactions. Even when including some unidentifiable long-tail activities, the estimated proportion is only about 5%. The remaining transaction activities mainly come from trading terminals such as GMGN, Axiom, and OKX.