Robinhood Chain Activity Drops by 40%, Transactions Slow Down
2026-10-12 15:20:00
CoinMeta data: Activity on the Robinhood chain has significantly declined since its launch, with trading volume decreasing by over 40%. According to Growthepie data, the Robinhood chain recorded 4.1 million transactions in the latest daily reading, a 14.6% decrease from a week ago. The number of daily active addresses dropped to 268,900, a 18% decrease week-on-week. Daily chain revenue also fell to $33,700, a 43% decrease week-on-week. The supply of stablecoins remains at $1.1 billion, showing a 1.4% increase week-on-week. This chain ranks third in terms of trading volume among 27 tracked chains and fifth in terms of stablecoin supply and revenue. Decentralized exchanges (DEX) saw trading volume of $569.19 million in the latest 24 hours, with a total trading volume of $39.627 billion over 30 days, of which Uniswap accounted for $496.7 million in 24-hour trading volume. The Robinhood chain was launched on July 1st as a second-layer network of Arbitrum Orbit; on October 1st, Robinhood wallets integrated Arcus API to support spot trading of stock tokens on the chain.
Source:The Daily Hodl
This content is for market information only and does not constitute investment advice.
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