Crypto Briefing • October 10th 2026, 4:48 AM
Robinhood Chain transactions fall more than 40% as memecoin trading cools
Key Summary
Robinhood Chain, a memecoin trading network, has seen a significant decline in transactions, with a 40% drop in daily activity, as memecoin trading cools down. Fees also plummeted, falling 97% from $8 million to $230,000. The network's performance has been impacted by the decline in high-gas activity, with weekly memecoin volume on Pons falling 37%. Despite this, decentralized exchange volume and total value locked remained stable.
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Robinhood Chain transactions slump 40% as memecoin trading cools down
The Decline in Memecoin Trading
Robinhood Chain's slowdown has moved beyond fees and into trading activity, with transactions falling more than 40%. This decline is a sharp reversal for a chain that only went live on July 1, 2026.Fees Plummet
Daily fees on Robinhood Chain peaked at approximately $8 million in early September, but by September 16, they had collapsed 97% to about $230,000.Transactions Follow Fees Lower
Transactions followed fees lower, with daily transaction counts sliding from 13.1 million to 8.9 million by mid-September, a day-over-day decline of roughly 32%.Stable DEX Volume and TVL
Despite the decline in high-gas activity, decentralized exchange volume on the chain held at or above $1 billion daily, and total value locked remained steady at approximately $1 billion.No Mass Migration to Rival Networks
There was no visible mass migration to rival networks such as Solana, with user retention appearing stable.Diversification of Activity
Activity has also started to diversify beyond memecoins, with new token pools continuing to appear into early October.Cross-Chain Swaps Enabled
The chain also added support for NEAR Intents, which enables cross-chain swaps across more than 180 assets on more than 30 blockchains.#RobinhoodChain#Crypto#US#Memecoin