Four Pillars researcher: Robinhood Chain is alive, but fees are down 99% from peak
- —Network fees fell over 99% from a $8.27 million peak on Sept. 4
- —TVL sits near $1.1 billion, half of it in the Steakhouse USDG Vault
- —Tokenized stocks and ETFs make up over half of RWA issuance at about $150 million
- —Crypto's share of Robinhood revenue dropped from 27.2% to 12.6% year over year
Why it matters: The Arbitrum-based chain remains a key venue for tokenized equities, but the fee collapse shows how dependent it is on memecoin hype.
Source: ChainCatcher 链捕手