Robinhood Chain slowdown spreads from fees to trading as transactions fall more than 40%
Robinhood Chain saw a drop of more than 40% in transactions. The decline also followed a slowdown in trading activity, after fees had already weakened.
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What it means
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Robinhood users and traders would notice less activity on the chain after the transaction drop of more than 40%. That change is visible in day-to-day use because fewer transactions are moving through the network now than before.
Before this, trading and fee activity were both moving on Robinhood Chain; now the slowdown has reached transactions as well. What remains the same is that the chain is still being used, but at a lower level of activity than earlier.
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context
Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.3 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.0 % from there |
From what we have stored, starting 1.0 years ago.