Robinhood Chain Transactions Fall More Than 40%
Daily transactions on Robinhood Chain have declined from 10.8 million to 6.2 million since mid-September, CoinDesk reported.
Robinhood Chain has recorded a decline of more than 40% in daily transactions since mid-September, according to CoinDesk. The daily count fell from 10.8 million to 6.2 million.
The drop comes despite Robinhood continuing to cover network fees for customers making swaps. That support has remained in place as transaction activity has weakened.
CoinDesk described the slowdown as extending beyond fees into trading activity. The figures provided do not establish what caused the decline or how long it may continue.
Source: CoinDesk
