Robinhood On-chain trading volume drops by 40%
2026-10-10 12:45:27
CoinMeta data: The blockchain transaction volume of Robinhood has decreased by 42% since mid-September, with the daily transaction volume falling from 10.8 million from September 10 to 16 to 6.2 million from October 2 to 8. Nevertheless, Robinhood is still charging network fees for token exchanges conducted by customers through its wallet application. The average number of active addresses on the chain per day in the most recent week was about 322,000, which is a 31% decrease from mid-September. Despite the reduction in transaction volume, deposits in on-chain lending and trading applications have increased by about 2% in the past week, reaching 1.04 billion US dollars.
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Source:CoinDesk
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