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Robinhood Chain Revenue Falls 83% From Its Peak While Trading Volume Sets Records
Summary by The Defiant
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Robinhood Chain recorded a record volume of operations during its first months, but its daily revenue plummeted 83% from the peak reached in September. The network, created to boost real-world assets, was dominated by memecoins speculation, while the expiration of a gas subsidy threatens to become its next adoption test.
Robinhood Chain Revenue Falls 83% From Its Peak While Trading Volume Sets Records
Robinhood Chain earned $943,728 in gas revenue on Sept. 10, down 82.6% from the $5.44 million it took on Sept. 4, DefiLlama data shows. Trading activity on the network did not fall with it. Gas revenue tracks demand for blockspace. Robinhood Chain is clearing roughly the same number of transactions... Read the full story at The Defiant
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