Robinhood Chain Fees Plunge 97% Despite Record Activity
- —Daily network fees fell from about $8 million to about $230,000, or from 64 to 2.6 cents per transaction
- —Transaction count fell 32% to 8.9 million, while DEX trading volume rose 5% to $13 billion
- —Pons volume fell 37% to $616 million, and protocol revenue dropped from $10.7 million to $5.8 million
- —Net outflow via deBridge from Robinhood to Solana was about $2 million over the week
Why it matters: Falling fees without a collapse in activity show the network is getting cheaper rather than emptying out; the durability of volumes will determine whether Robinhood Chain retains memecoin traffic.
Source: CoinDesk