Robinhood Chain's daily transactions have fallen more than 40% since mid-September, barely three months after the network went live. Robinhood paid customers' swap fees through the whole slide, so the money users still keep parked on the chain is the better test of it.
Perspective Coverage
3 publishers
- Builder
- Builder 25%
- Operator
- Operator 32%
- Investor
- Investor 43%
Reality
- Evidence70
- Adoption55
- Hype gap+10
- Incentives65
- Confidence68
Crypto apps generated 44% of Q3's $3.3 billion in fees in September alone
Crypto apps generated $3.3 billion in fees in the third quarter, $1.44 billion of it in September, led by Solana and Robinhood Chain launchpads. The fee-sharing tokens behind the jump were fading by month-end, so October's total will show how much of that cash repeats.
Reality
- Evidence40
- Adoption50
- Hype gap+30
- Incentives60
- Confidence40
Pons's creator-chosen tax waivers let one crew net $15.5 million from 56 Robinhood Chain launches
Bitquery tied 56 Robinhood Chain memecoin launches to one crew that netted about $15.5 million through wallets exempt from the Pons launchpad's snipe tax. Another 467 clusters ran the same play for a possible $11.6 million, so the weakness is in the venue's rules even though most of the money went to one group.
Reality
- Evidence55
- Adoption50
- Hype gap+20
- Incentives
- Not scored
- Confidence50
Robinhood Chain's 97% fee collapse reflects both a 96% price drop and a 32% decline in transactions
The gap between a 97% fall in gas income and a 32% fall in transactions on Robinhood Chain is almost entirely price, since the average fee went from about 64 cents to 2.6 cents in roughly two weeks.
Reality
- Evidence55
- Adoption72
- Hype gap+12
- Incentives28
- Confidence58
Uniswap deployments, not one launchpad, drove Robinhood Chain's record fee day
A rollup owned by a listed brokerage is out-earning every other chain in crypto and keeping nearly all of it, while most of its users are not paying for gas yet. September 29 is when that changes.
Reality
- Evidence46
- Adoption68
- Hype gap+18
- Incentives68
- Confidence52