Defi App (HOME) Analysis: The Frictionless Trading Revolution of a DeFi Super App

Defi App (HOME): A Super App Redefining the DeFi Experience

Defi App (HOME) is building a decentralized super app that combines the convenience of CeFi with the autonomy of DeFi, with the core mission of eliminating blockchain usage barriers. The protocol pioneers a “frictionless trading” model: users pay no gas fees (subsidized by the protocol), can directly swap assets across heterogeneous chains like Ethereum and Solana without bridging, and manage their full-chain wallet through a single interface. The Binance Alpha stress test on June 10, 2025, along with a community-approved airdrop increase to 10%, marks a pivotal stage in its ecosystem expansion.

This Token Insights article deeply explores how Defi App (HOME) leverages account abstraction and intent-based transactions to realize a frictionless experience, and discusses its community governance structure and sustainability challenges.

Technology Architecture: Three Breakthrough Innovations

Smart Account Abstraction Technology (EIP-4337)

This is the cornerstone of HOME. It decouples the signing and execution of transactions, allowing users to pay gas fees using ERC-20 tokens and authenticate via biometrics (e.g., fingerprint/face ID). This addresses key pain points of traditional DeFi like reliance on native tokens and mnemonic phrases.

Intent-Based Transaction System

Users simply input a goal (e.g., “Buy 100 SOL at best price”), and the protocol routes the transaction through aggregators like 1inch and Jupiter. In tests, slippage was reduced by 53% compared to Uniswap’s cross-chain system.

Unified Liquidity Curve

Aggregates multi-chain liquidity pools so Ethereum-Solana swaps require no bridges. To meet compliance requirements, the platform includes KYC tools and supports fiat on-ramps via Visa/Mastercard. Currently supporting 5 major chains, expansion to the Aptos ecosystem is planned for Q3 2025.

HOME Token Economics & Governance Architecture

The token has a fixed supply and community-driven distribution:

• 45% for ecosystem incentives (dynamically released based on governance participation),

• 10% for private investors,

• 20% for core contributors (4-year linear unlock),

• 25% for the protocol treasury.

This structure ensures token holders can participate directly in governance via $HOME staking, voting on decisions such as perpetual fee adjustments or mobile development priorities. A staking mechanism launching in Q4 2025 will allow users to earn a share of spot trading fees (0.1%–0.3%), with future perks like VIP lending rates for holders.

However, there are two main risk factors:

1. The gas subsidy model depends on maintaining $50M+ in daily volume (currently $58M);

2. The fully diluted valuation (FDV), if undisclosed and disproportionate to circulating supply, could trigger sell pressure.

Investors can monitor inflation risk via JuCoin’s evaluation tools.

Core Progress: Airdrop Expansion and Exchange Validation

On June 9, 2025, the community overwhelmingly voted to increase the airdrop share from 5% to 10%, targeting testnet users (40%), content creators (35%), and Kaito community members (25%). This bold cold-start strategy mirrors rival Infinex, which reached 350,000 users within 3 months of public testing.

The following day’s Binance Alpha launch had triple significance:

• Exchange security audits helped fix async cross-chain vulnerabilities;

• High-frequency trading groups tested protocol resilience (daily $58M volume, TPS peak at 6800, slightly below the 10K claim);

• User growth in emerging markets like Vietnam and Indonesia rose 40%, and on-chain governance simulations began.

Risks and Development Path

The U.S. SEC may view gas subsidies as “disguised securities issuance”, while perpetual contracts in the EU would require MiFID II licensing. Technical challenges include the arbitrage potential from Solana (0.4s blocks) vs Ethereum (12s), and centralization concerns from third-party aggregators executing intent-based trades.

If governance participation remains below the industry baseline (15%), critical upgrades may stall.

Future success hinges on three indicators:

1. Mobile retention rate must exceed 35% by Q4 2025 (with one-click deposit and AI voice assistant integration);

2. Solana transaction share should grow to 40% (currently 28%);

3. A smooth transition from gas subsidies must be achieved (goal: 50% user-paid gas by 2026).

If proven successful, HOME could lead protocols like Uniswap V4 to adopt gas-free models and accelerate the migration of billions of CeFi users.