Activity on a specialized blockchain for financial services and tokenized real-world assets is dropping sharply.
Growthepie says Robinhood Chain recorded 4.1 million transactions in the latest daily reading, down 14.6% from a week earlier.
Daily active addresses fell to 268,900, down 18% week over week. Daily chain revenue fell to $33,700, a 43% weekly decline.
Stablecoin supply held steady at $1.1 billion, up 1.4% week over week.
The chain ranks third among 27 tracked chains by transaction count and fifth by stablecoin supply and revenue.
DEX volume reached $569.19 million in the latest 24 hours, with $39.627 billion over 30 days, says DefiLlama.
Uniswap accounted for $496.7 million of that 24-hour volume.
Robinhood Chain launched its permissionless public mainnet on July 1st as an Arbitrum Orbit Layer 2.
On October 1st, Robinhood Wallet integrated the Arcus API for stock token spot trading on the chain.
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The post Robinhood Chain Activity Drops Over 40% as Trading Slows Post-Launch appeared first on The Daily Hodl.
 Robinhood Chain is seeing daily transactions drop sharply to an average of 6.2 million in early October, down 42% from mid-September, with active addresses also declining amid its focus on financial services and RWAs.
The post Robinhood Chain Activity Drops Over 40% as Trading Slows Post-Launch appeared first on The Daily Hodl. Blockchain, blockchain, News, RobinhoodÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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