Robinhood Chain fees collapse 97% even as transactions stay near record highs
9 Articles
9 Articles
By 16 September, Robinhood Chan's commissions had dropped by 97 percent of the peak of the month's beginning, from about $8 million, with $13.1 million transactions per day to $230,000, with 8.9 million transactions.
Daily network fees paid by users on Robinhood Chain have fallen by approximately 97% from their peak in early September. Memecoin activity... The post Robinhood Chain sees 97% drop in fee revenue as memecoin fever subsides = CoinDesk first appeared on NADA NEWS.
Activity on Robinhood Chain remains high, but transaction fee revenue is moving in the opposite direction.
Robinhood Chain Fees Fall 97% as Transactions Hold Firm
Why Did Robinhood Chain Fees Fall 97%? Robinhood Chain's memecoin boom has cooled sharply, wiping out 97% of the network's daily fee income from its early-September peak even as transaction activity remains close to record levels. At the peak, users paid roughly $8 million in network fees across 13.1 million transactions in a single day, equivalent to about 64 cents per transaction. By September 16, fees had dropped to approximately $230,000 whi…
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