Robinhood Chain Transactions Fall 42% as Network Activity…
By Abdelaziz Fathi
AI summary of the source article
Robinhood Chain has seen activity drop sharply from its September peaks, with daily transactions falling 42% to 6.2 million and daily active addresses declining 31% to roughly 322,000. Spot trading on decentralized exchanges fell 21% to $7.45 billion, while network fees averaged roughly $65,000 per day—down from an $8 million peak in September. Despite declining turnover, capital has not fled, with total value locked holding at roughly $1.05 billion and stablecoins at $1.07 billion. In contrast to spot trading, rolling seven-day perpetual futures volume increased 26% to approximately $7.35 billion, supported by an extended fee subsidy through December 31.
Why it matters
The slowdown in transaction volume and steep drop in fees highlight the challenge of generating recurring network revenue from Layer 2 infrastructure even when deposited capital remains above $1 billion.
Key facts
- Robinhood Chain's daily transactions dropped 42% to an average of 6.2 million between October 2 and October 8.
- Total value locked held steady at roughly $1.05 billion, with stablecoin supply around $1.07 billion.
- Rolling seven-day perpetual futures volume rose 26% to approximately $7.35 billion even as DEX spot volumes declined.