On September 10, Robinhood Chain's revenue amounted to $943,728, which is 82.6% lower than the record figure of $5.44 million recorded on September 4. This sharp decline amid overall increased activity on the platform indicates that trading volume on decentralized exchanges (DEX) remained high, reaching $1.87 billion on September 10, slightly less than the $1.89 billion registered on September 4. Over the seven days ending September 10, DEX trading volume totaled $12.34 billion, which is 26.5% more than the previous week and includes a record figure of $2.06 billion achieved on September 8. Friday's volume, based on incomplete data, has already surpassed this record, reaching $2.42 billion.
According to Blockscout data, Robinhood Chain processed 13.6 million transactions on September 10, close to the 13.98 million transactions at the peak on September 4. Meanwhile, a significant reduction in transaction costs was observed: the average transaction price decreased from $0.43 on September 4 to $0.077 on September 10. This reduction was caused by a drop in base fees following a decrease in network load, which lowered average base fees to levels around 0.14-0.31 gwei on September 10. These changes indicate that despite the sharp drop in revenue, user activity remains high.
Thus, despite the revenue decline, Robinhood Chain continues to be the second-largest network by trading volume, second only to Canton, which collected $1.55 million over 24 hours. Over the past seven days, Robinhood Chain earned $15.15 million, consistent with previous figures, and since the mainnet launch on July 1, accumulated revenue has reached $35.84 million on total fees of $39.88 million. This indicates continued activity of applications on the platform, which earned $2.64 million on September 10. It is also worth noting that applications running on Robinhood Chain consistently generate income, allowing the platform to maintain its competitiveness amid market changes.
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