PONS
+1.9%Robinhood Chain transactions drop over 40% as memecoin trading cools
Image: Crypto.newsRobinhood Chain, an Ethereum layer-2 network that launched its public mainnet on July 1 2026, saw average daily transactions fall 42% between mid-September and the first full week of October, dropping to 6.2 million. Daily active addresses declined 31% to roughly 322,000 over the same period. The slowdown was driven by cooling memecoin trading, which saw weekly volume on the Pons platform fall 37%. Daily decentralized exchange volume halved from its mid-September peak of around $1.88 billion, while total value locked in the chain's applications stayed above $1 billion. Robinhood extended fee coverage for eligible wallet swaps through December 31 2026.
Key points
- Cooling memecoin trading was the primary driver of the network's activity slowdown
- Total value locked in Robinhood Chain applications remained above $1 billion during the slowdown
Why it matters
The activity drop highlights how new layer-2 networks can be heavily reliant on short-term speculative trading for usage growth. Robinhood's extended fee promotion may help retain users during the lull in high-gas memecoin activity.
Price context · ETH
At publication
$2,499.27
Now
$2,498.44
Change since
−0.03%
7 days · dashed line = publication
Sources · 3 publishers
Crypto.news
Tier 2
Robinhood Chain transactions drop 42%: What’s next?
CoinCentral
Tier 3
Robinhood (HOOD) Stock: Chain Activity Slides 42% While Free Fee Promo Runs to December
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
