Robinhood Daily average number of transactions on the chain drops by 42%, spot trading volume reaches $7.45 billion
2026-10-10 12:51:42
CoinMeta data: According to Coindesk, from October 2nd to 8th, the average daily number of transactions on Robinhood was 6.2 million, which is a 42% decrease compared to 10.8 million transactions from September 10th to 16th, and a 20% decrease from the previous week. The average number of active addresses also decreased by about 322,000, representing a 31% decline from mid-September. During the same period, the spot transaction volume on the chain was 7.45 billion US dollars, a 21% decrease from the previous week, and the average daily network transaction fee was about 65,000 US dollars, a 39% decrease. However, the locked-up volume of DEFI on the chain increased by about 2% to 1.04 billion US dollars, while the supply of stablecoins slightly rose to about 1.1 billion US dollars. Robinhood has extended its wallet transaction fee subsidy until December 31st, continuing to cover the network transaction fees incurred for token exchanges exceeding 0.5 US dollars through Robinhood Wallet.
Source:CoinDesk
This content is for market information only and does not constitute investment advice.
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