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๐ฅ๐ผ๐ฏ๐ถ๐ป๐ต๐ผ๐ผ๐ฑ ๐๐ต๐ฎ๐ถ๐ป ๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐๐ ๐๐ผ๐ผ๐น๐ถ๐ป๐ด ๐ข๐ณ๐ณ
Robinhood Chain is showing a sharp slowdown after a very strong start.
According to DeFiLlama data, daily chain revenue fell to around $436K on September 14, down more than 90% from its recent peak of about $5.44M.
DEX trading volume has also cooled, reaching around $1.24B, compared with a previous high of about $2.61B.
The decline comes after Robinhood Chain saw huge activity following its July launch.
But thereโs an important distinction: this is on-chain network revenue, not Robinhoodโs reported company revenue. Robinhood says Chain revenue is shared with launch partners and its monthly operating figures are unaudited.
So the real question now is:
Was the early surge sustainable, or was it mainly launch-driven speculation?
The next few weeks could tell us a lot.
#RobinhoodChain #RobinhoodChainRevenueFallsFor5ConsecutiveDays #ShareWeekly #AugustCPIDataIsOut