Robinhood Chain Spot Volume Drops 21% to $7.45 Billion

Robinhood Chain’s weekly spot volume fell to $7.45 billion during Oct. 2-8 as average daily transactions and active addresses declined. The network processed an average of 6.2 million transactions per day, down 42% from mid-September levels. Daily active addresses fell 31%. Weekly spot trading volume declined 21% to $7.45 billion. Deposits remained above $1 billion, while perpetual-contract trading volume increased 26%. Robinhood will continue covering network fees for token swaps above 50 cents through Dec. 31. The fee policy is intended to increase activity on the network.

Source: TokenPost