Robinhood Chain launchpad volumes fall to $399M ahead of gas subsidy expiry
- —Daily launchpad volume on Robinhood Chain was $399 million on September 16, the lowest since August 29
- —In early September, volumes regularly exceeded $600 million per day
- —Pons accounted for about 60% of launchpad activity, accumulating over $4.5 billion in volume
- —Robinhood's gas fee subsidy expires on September 29
Why it matters: The end of the gas subsidy could crush speculative activity on the network and test the resilience of its memecoin ecosystem.
Source: Crypto Briefing