2 sourcesTracking since 11 Sept, 17:47
Robinhood Chain Revenue Falls 83% From Its Peak While Trading Volume Sets Records
Chronological coverage
First seen11 Sept, 17:47Robinhood Chain Revenue Falls 83% From Its Peak While Trading Volume Sets Records
The chain kept $943,728 on Sept. 10 against $5.44 million on Sept. 4, its lowest daily take since Aug. 29. Transactions were flat and decentralized exchange volume over the week rose 27%. The average transaction cost $0.077 in gas, against $0.43 at the peak.
The Defiant•The Defiant Team
Latest11 Sept, 18:17Robinhood Chain’s revenue falls 83% despite record trading volume
The revenue drop highlights the volatility and unsustainability of relying on speculative trading, challenging Layer 2 networks' economic models.
CryptoBriefing•Editorial Team