On-chain activity on Robinhood Chain has cooled noticeably. According to CoinDesk data, the chain’s daily transaction volume has fallen from 10.8 million in mid-September to 6.2 million, a drop of more than 40%. While transaction volumes have shrunk, Robinhood is still fronting network fees for users’ swaps. With activity continuing to decline, the sustainability of its subsidy model is being put to the test.
(Source: CoinDesk)
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