Robinhood Chain continues to recede, and no one knows when it will recover.
On September 9, Robinhood Chain on-chain revenue fell below $1 million, dropping to $949,300.
Compared with the historical peak of $5.44 million on September 4, in just 5 days revenue crashed by about 83%.
More intuitively, UNI, the daily token burned on Robinhood Chain, also dropped from 154,000 at the peak on September 4 to 54,000 on September 9. In only 5 days, it shrank by about 65%.
In its early days after launch, the DEX trading volume, protocol revenue, and the amount of UNI burned kept setting new highs—but now the data and overall momentum have clearly cooled off.
The key question going forward is whether Robinhood Chain can pull trading volume and users back up again.
If revenue can’t once again break above $1 million, the earlier high-growth narrative may need to be revalued.
The biggest beneficiary assets in the Robinhood Chain ecosystem—UNI and PONS—are seeing their trajectories closely watched.
$UNI $PONS #Robinhood
On September 9, Robinhood Chain on-chain revenue fell below $1 million, dropping to $949,300.
Compared with the historical peak of $5.44 million on September 4, in just 5 days revenue crashed by about 83%.
More intuitively, UNI, the daily token burned on Robinhood Chain, also dropped from 154,000 at the peak on September 4 to 54,000 on September 9. In only 5 days, it shrank by about 65%.
In its early days after launch, the DEX trading volume, protocol revenue, and the amount of UNI burned kept setting new highs—but now the data and overall momentum have clearly cooled off.
The key question going forward is whether Robinhood Chain can pull trading volume and users back up again.
If revenue can’t once again break above $1 million, the earlier high-growth narrative may need to be revalued.
The biggest beneficiary assets in the Robinhood Chain ecosystem—UNI and PONS—are seeing their trajectories closely watched.
$UNI $PONS #Robinhood