Robinhood Chain loses 42% of transactions as network activity cools
- —Daily transactions fell to 6.2 million from 10.8 million in mid-September, down 42%
- —Active addresses dropped 31% to 322,000
- —Weekly DEX spot volume declined 21% to $7.45 billion
- —Network fees fell from $8 million on the peak day to $65,000 per day
Why it matters: The slump in activity and fees raises questions about Robinhood Chain's sustainability, though $1.04 billion in TVL and $1.1 billion in stablecoins remain on the network.
Source: BTC-ECHO