CoinDesk reported that Robinhood Chain’s daily revenue has dropped 87% from its Sept. 4 peak to $1.06 million. The decline was not tied to weaker activity on the network. Instead, the report said higher capacity reduced congestion fees, cutting a key source of revenue. During the same period, decentralized exchange, or DEX, volume on the chain was close to $2 billion, while active addresses rose 16.5%. The figures point to lower fee pressure even as trading activity and address growth remained firm.
CoinDesk reported that Robinhood Chain’s daily revenue fell 87% from its Sept. 4 peak to $1.06 million.
The drop was not caused by lower activity, according to the report. CoinDesk said higher capacity reduced congestion fees. Over the same period, DEX volume on the chain was close to $2 billion, and active addresses increased 16.5%.
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