Research Report｜Defi.app Project Overview & HOME Token Valuation Analysis

1. Project Introduction

Defi App is an all-in-one, chain-agnostic DeFi super application designed for the masses, aiming to make the full capabilities of decentralized finance accessible to every user with zero barriers. By leveraging smart account abstraction, intent-driven transactions, and zero-gas cost designs, Defi App perfectly combines the convenience of traditional CEXs with the benefits of DeFi’s self-custody, security, and transparency. Users can seamlessly manage assets, swap tokens, and trade perpetual contracts across leading blockchains—Ethereum, Arbitrum, BNB Chain, Base, and Solana—without bridging, managing multiple wallets, or holding native tokens.

The platform’s core token, HOME, serves as the governance hub of Defi App, granting holders real control over the platform's development. Unlike traditional "decorative" governance tokens, HOME was designed from inception with community at its core: 45% of the supply is allocated for user incentives and ecosystem-building. Holders can submit proposals and vote on key matters such as UI optimization, feature upgrades, protocol integration prioritization, and buyback/dividend distribution mechanisms. HOME is not only a vehicle for value capture, but also a symbol of participation and evolutionary rights, ensuring that the platform continually evolves to meet real user needs.

On the product front, Defi App delivers a frictionless trading experience, leveraging aggregators such as 1inch, Jupiter, and Odos to improve cross-chain operational efficiency and trade success rates. Users can orchestrate multi-chain asset management and arbitrage from a single interface, without cumbersome settings. Additionally, the platform integrates features like the Jarvis AI assistant, social login, and fiat onramp, covering a range of use cases from beginners to high-frequency traders. For advanced users, Defi App offers more sophisticated features including leveraged perpetuals, auto-adjusting funding rates, and strategy wallet switching, greatly enhancing trading depth and asset control.

Since its launch, Defi App has processed over $11 billion in cumulative trading volume and reached over 30,000 daily active users, at one point ranking in the global top-five DEXs by trading volume. These achievements validate the team’s “product-first, user-oriented” approach and highlight the enormous potential of productized, mainstream-ready DeFi applications. As the mobile app, yield strategies, and more governance incentives are launched, Defi App is building out its chain-agnostic ecosystem, bringing HOME holders greater participation and value capture opportunities.

2. Project Highlights

• A True Cross-Chain Super App
  Supports five major blockchains: Ethereum, Arbitrum, BNB Chain, Base, and Solana. Users can conduct cross-chain trading, asset management, and contract operations within a single interface, eliminating the hassle of multiple wallets/platforms.
• Zero-Barrier User Experience
  Zero gas costs, no bridging, no KYC required. The platform sponsors all trading gas fees, supports social logins, and fiat onramp, greatly lowering the entry threshold for newcomers.
• Smart Account Abstraction + Intent-Driven Execution
  Built on EIP-4337 architecture, combined with intent-driven execution: users only need to specify their desired outcome, and the system automatically completes optimal routing and on-chain operations, greatly boosting efficiency and success rate.
• Aggregated Cross-Chain Liquidity
  Integrates leading DEX aggregators such as 1inch, Jupiter, Odos, and Bebop, automatically selecting the best trading paths to provide high-efficiency, low-slippage trading experiences across chains.
• Real Adoption Proves Product Strength
  Surpassed $11 billion in cumulative trading volume, served over 350,000 users, daily actives exceed 30,000, and achieved Top 5 global DEX status by volume — strong validation of market-product fit.

3. Market Capitalization Outlook

As the governance and utility core of Defi App, $HOME incorporates innovations such as multi-chain self-custody, gasless transactions, cross-chain liquidity aggregation, and smart account abstraction. As a DeFi superapp, Defi App has already enabled unified account management and high-frequency trading across five major blockchains, demonstrating strong product-market fit and user growth fundamentals.

Currently, $HOME trades at approximately $0.03102, with a circulating market cap of around $84.39 million—still at an early valuation phase among DeFi platform tokens. Compared to established projects such as Uniswap, Kamino, or emerging chain platforms like Hyperliquid, Defi App’s product completeness and implementation are already validated. Should user activity and token utility continue to grow, $HOME has significant potential for re-rating and value accrual.

4. Tokenomics

Total Supply: 1 billion $HOME (1,000,000,000)

Token Allocation:

• Community Ecosystem Incentives (45%)
  For ecosystem incentives, airdrops, XP rewards, protocol integration, and community growth.
  33.34% unlocked at TGE; remaining released linearly over 36 months after a 4-month cliff.

• Core Contributors (20%)
  Allocated to core early team members. 12-month lockup, followed by 36-month linear vest.
  Cliff unlock: 25%.

• Early Supporters (10%)
  Includes seed investors and strategic partners. 12-month lockup, then 36-month linear vest.
  Cliff unlock: 25%.

• Foundation Reserve (10%)
  For protocol long-term growth, partnerships, and security. 6-month cliff, 24-month linear vest.
  50% unlocked at TGE.

• Protocol Development (10%)
  For future feature development and partnership incentives. 4-month cliff, 24-month linear vest.
  Cliff unlock: 25%.

• Initial Liquidity Launch (5%)
  For CEX/DEX launch, initial liquidity, and trading depth. 100% unlocked at TGE.

Core Utilities:

• $HOME is used as a platform gas payment mediator; users can pay with $HOME on any supported chain, while the platform subsidizes native network gas, generating sustainable buy pressure.
• Staking $HOME allows participation in protocol governance (feature prioritization, buyback mechanism, incentive model, etc.) and activates platform reward systems.
• Locking $HOME boosts XP reward multipliers up to 3x, increasing airdrop eligibility and platform engagement incentives.
• Protocols can purchase and stake $HOME for homepage exposure, priority integrations, and ecosystem benefits.

5. Team Funding

Team Information:
Defi App is led by a core team experienced in crypto engineering, community-building, and product growth, with deep experience in fintech and blockchain protocol development.

• Co-Founder: Dan Greer, seasoned DeFi infrastructure developer
• Lead Engineer: Ajdin Kahrovic, core protocol architect
• Team Members: Yueya.eth (APAC growth), Doran Mauldin (global community management), Christopher Kocurek (brand communication)
  A strong and balanced team with proven execution capability.

Fundraising:

• Seed Round (Dec 4th, 2024)
  Raised: $2 million
  Valuation: $100 million
  Investors: Mechanism Capital, Selini Capital, North Rock Digital, etc.

• Community Round (Feb 13th, 2024)
  Raised: $2 million
  Investors: George Beall, Comfy Capital, etc.

• Extension Seed Round (Feb 14th, 2024)
  Raised: $2 million
  Valuation: $100 million
  Investors: Mechanism Capital, Balaji Srinivasan, Pentoshi, DCF Capital Partners, etc.

6. Potential Risk Disclosure

• The market price of $HOME may fluctuate considerably due to market sentiment, macro policies, governance decisions, etc. There is a risk of volatility or insufficient liquidity in the short term. Users should assess their own risk tolerance before trading or staking.
• Although Defi App employs account abstraction and cross-chain mechanisms, and may ensure security via audits, smart contracts entail inherent risks, such as exploits or vulnerabilities, potentially resulting in asset loss. Users should evaluate risks and maintain necessary security awareness prior to on-chain operations.

7. Official Links

• Website: https://www.defi.app/
• Twitter: https://x.com/defidotapp
• Discord: https://discord.com/invite/defiapp