Robinhood Chain slowdown spreads from fees to trading as transactions fall more than 40%
- Published
- Updated
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.
Key claims & sources
What it means
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.
Market reaction i
The total crypto market rose 0.2% in the 4 hours after the first headline, after rising 0.1% in the 2 hours before.
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