Robinhood Chain App Revenue Falls Below $3 Million After Seven-Week Slide

Robinhood Chain app revenue has fallen below $3 million for the first time after seven consecutive weekly declines, leaving the latest total more than 90% below its late-summer peak. The latest weekly tally was about $2.81 million, compared with a peak of roughly $37.7 million recorded between late August and early September. The drop came mainly from lower revenue at meme-token issuance platforms and trading terminals. Six applications still generated more than $100,000 in weekly revenue: Lighter, Pons, Arcus, Uniswap, GMGN and fomo. Robinhood Chain is an Ethereum layer-2 network built with Arbitrum technology.

Source: TokenPost