Robinhood Chain fee revenue just fell off a cliff — down 97% from ~$8M to $230K daily.
But here's the twist: tx volume only dropped 32% (13.1M → 8.9M).
Network isn't dead. It just got way cheaper to use.
Either they slashed fees to compete, or the high-value txs dried up. Either way, revenue model is cooked for now.
Watch if they can sustain this or if it's a slow bleed into irrelevance.
But here's the twist: tx volume only dropped 32% (13.1M → 8.9M).
Network isn't dead. It just got way cheaper to use.
Either they slashed fees to compete, or the high-value txs dried up. Either way, revenue model is cooked for now.
Watch if they can sustain this or if it's a slow bleed into irrelevance.
