Robinhood Chain revenue falls more than 90% from peak
- —Daily revenue of $436,306 versus a $5.44M peak — a drop of more than 90%
- —DEX volume fell to $1.243B from a $2.611B peak (-50%)
- —Gas revenue declined to about $800K from $6.04M (-86.7%)
- —The decline has continued since Sept 7, according to DefiLlama and The Block
Why it matters: The sharp drop in Robinhood Chain activity and revenue points to weakening demand and could weigh on the token and confidence in the network.
Source: PANews