Robinhood Chain’s fee revenue has fallen off a cliff while the people using it have largely stayed where they are. At the start of September the two-month-old network was collecting around $8
Robinhood Chain’s fee revenue has fallen off a cliff while the people using it have largely stayed where they are.
At the start of September the two-month-old network was collecting around $8 million a day in fees across 13.1 million transactions, which works out at $0.64 each. By 16 September it was taking roughly $230,000 a day across 8.9 million transactions, or $0.026 each. The average transaction on the chain got about 25 times cheaper in a fortnight.
