Robinhood Chain Daily average trading volume drops by 42%
2026-10-11 15:05:53
CoinMeta data: Since mid-September, the average daily trading volume has decreased by 42%, despite there still being over $1 billion in deposits within its decentralized finance applications. According to a report from Coindesk on October 10th, the average daily trading volume of Robinhood Chain was 6.2 million transactions from October 2nd to 8th, compared to 10.8 million transactions from September 10th to 16th. The number of active addresses has decreased by 31%, and the weekly spot trading volume has also dropped by 21%, to $7.45 billion. Despite the reduction in trading activity, users continue to hold assets within the application. The latest data shows that the supply of stablecoins for Robinhood Chain is approximately $1.1 billion, indicating that the circulating value of the dollar-pegged tokens remains high.
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Source:Cryptonews
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