Robinhood Chain fees plunge 98% from peak as active addresses decline
- —Fees fell from ~$6M on Sept 4 to ~$97K on Sept 30, a 98% drop
- —Chain revenue declined from $5.44M to $86K over the same period
- —Active addresses dropped from a peak of 5.18M on Aug 12 to ~354K
- —DEX volume holds near $1.5B daily, but transaction count is falling
Why it matters: The decline signals retail users leaving after a wave of memecoin scams, raising doubts about the sustainability of the Robinhood Chain ecosystem.
Source: TokenPost