Analyst: On-chain funds may be rotating from Robinhood Chain to Solana

Odaily Planet Daily News: DeFi researcher Ignas posted on the X platform that the market appears to be showing signs of some on-chain funds rotating from the Robinhood ecosystem to Solana. Over the past 24 hours, tokens related to trading infrastructure in the Solana ecosystem have performed strongly, with RAY up 60%, JUP up 21%, ORCA up 12%, and MET up 13%. In addition, cross-chain data shows that bridged funds to Solana increased by approximately $18.8 million, while Robinhood Chain decreased by approximately $47.8 million.

Ignas believes that although the current bridging scale is still relatively small compared to the overall TVL, some traders may be taking profits on Robinhood ecosystem Meme coins and instead buying trading infrastructure tokens on Solana to bet on a similar market boom.