Robinhood Chain is experiencing a broad slowdown in activity, with daily transactions, active addresses and spot trading volume all falling in recent weeks. The decline comes even though more than $1 billion remains deposited in applications on the network and Robinhood is still covering selected transaction fees for users.
According to CoinDesk, the blockchain averaged 6.2 million transactions per day from Oct. 2 through Oct. 8. That was 42% below the 10.8 million daily average recorded from Sept. 10 through Sept. 16, and activity also fell 20% from the previous week.
The data suggests the chain is no longer experiencing only a fee-related slowdown. Transaction fees had already fallen sharply in September, but trading activity was still near its highs at that time. Now, the decline has spread to several important measures of network use.
Transactions and users lose momentum
Daily active blockchain addresses averaged about 322,000 in the latest week, 31% below the mid-September level. Active addresses are commonly used as an indicator of participation on a blockchain, although they do not directly represent the number of individual users. A single person can control multiple addresses, while automated trading systems can create large numbers of transactions.
Robinhood launched its blockchain in July. The network was designed to support token trading, borrowing and lending through applications connected to Ethereum. Robinhood has also outlined plans for around-the-clock trading of tokens linked to stocks and funds.
Each blockchain transaction carries a network fee, while applications built on the network may charge additional fees for services such as trading and loans. A Bernstein note cited in the report estimated that Robinhood keeps roughly nine-tenths of the network fees. As a result, lower transaction activity could also reduce the fees collected by the brokerage.
The latest decline follows a much steeper fall in fees. Users paid approximately $65,000 per day in network fees during the week of Oct. 2–8, down 39% from the preceding week. That was only a small share of the roughly $8 million collected by the chain on its busiest day in early September.
Spot trading falls while derivatives expand
Spot trading, in which users buy and sell tokens directly, also weakened. Trading volume reached $7.45 billion during Oct. 2–8, down 21% from $9.46 billion in the prior week. Uniswap, a decentralized application that allows users to exchange tokens directly with one another, accounted for approximately 77% of that volume.
The fall in spot trading has not been matched by a comparable withdrawal of funds from Robinhood Chain applications. Deposits in lending and trading applications increased by about 2% over the week to $1.04 billion. The supply of stablecoins—digital tokens designed to track the value of a currency such as the U.S. dollar—also edged higher, reaching roughly $1.10 billion.
Those figures indicate that substantial balances remain on the network even as they are changing hands less frequently. Users may be holding funds in the applications rather than actively trading them, although the data does not establish why activity has declined.
Perpetual futures were a notable exception. These contracts allow traders to speculate on price movements without owning the underlying tokens. DefiLlama’s rolling seven-day figures showed approximately $7.35 billion in perpetual futures volume on Friday, a 26% increase.
Fee promotion extended through December
Robinhood and companies operating on the network have introduced incentives aimed at bringing activity back. Trading platform Arcus began awarding additional reward points on Oct. 1 for stock-token swaps made through Robinhood Wallet.
Robinhood also extended a fee promotion that had been scheduled to end on Sept. 29. Under the revised terms, Robinhood will cover network fees for swaps worth more than 50 cents made through its wallet until Dec. 31.
The promotion reduces the direct cost of qualifying swaps for customers, but it also creates a test for the network after the offer ends. If users have become accustomed to fee-free transactions, activity could face another adjustment when they are required to pay network fees themselves. The source material does not provide a forecast for what will happen after Dec. 31.
Moneyiar market picture
Moneyiar market data at the stated times showed the following prices and performance:
- Dai (DAI): $1.0000428729, up 0.07% over 24 hours and 0.15% over seven days, as of Oct. 11, 2026, 11:28 a.m. +03:30.
- Loaded Lions (LION): $0.0013546947, down 2.2% over 24 hours and 12.86% over seven days, as of Oct. 11, 2026, 11:29 a.m. +03:30.
- Ore (ORE): $107.4969844371, up 1.83% over 24 hours but down 10.64% over seven days, as of Oct. 11, 2026, 11:29 a.m. +03:30.
- Infinity Ground (AIN): $0.1025293171, down 31.28% over 24 hours but up 48.1% over seven days, as of Sept. 16, 2026, 1:39 a.m. +03:30.
Together, the Robinhood Chain figures show a network with significant capital still present but with lower transaction and spot-market activity. The extended fee subsidy is intended to support usage through the end of the year, while the period after the promotion will provide a clearer view of how much activity can continue without Robinhood absorbing qualifying network costs.
