Robinhood Chain Activity Drops Over 40% as Trading Slows Post-Launch

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.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Daily Hodl.