Robinhood Chain averaged 6.2 million daily transactions from October 2 to October 8, 2026, down 42% from 10.8 million in mid-September, as lower network fees and spot trading volumes pointed to a broader decline in activity.

Daily transactions fell 20% from the previous week, while active blockchain addresses dropped 31% from mid-September to an average of approximately 322,000 per day. The figures are based on calculations using growthepie data.

Spot trading volume declined 21% over week to $7.45 billion from $9.46 billion, with Uniswap accounting for about 77% of activity. Network fees fell 39% to approximately $65,000 per day, compared with $8 million collected on the chain’s busiest day in early September.

Capital held on the network increased during the period. Deposits across decentralized finance applications rose 2% over the week to $1.04 billion, while the stablecoin supply increased to approximately $1.10 billion. Perpetual futures trading provided a counterpoint, with seven-day volume rising 26% to $7.35 billion. The result is a clear divergence: usage measures such as transactions, addresses, and spot volume all fell, while on-chain capital measures and derivatives activity moved higher.

Robinhood launched its Ethereum-based Layer 2 blockchain in July 2026 to support token trading, lending, and borrowing, putting the network roughly three months into its operating life as the slowdown took hold. The company has also outlined plans for round-the-clock trading of tokenized stocks and exchange-traded funds.

Robinhood continues to subsidize network fees on swaps worth more than 50 cents made through Robinhood Wallet until December 31, 2026. The extension follows a promotion that was originally scheduled to end in September 2026.

The slowdown follows an earlier collapse in network fees. Fees reportedly fell 97% by September 19, 2026, even as transaction activity remained near its highs and weekly trading volume continued to grow.

Robinhood retains roughly 90% of network fees, according to a Bernstein note cited by BitcoinKE. As a result, declining usage could create pressure on a potential source of revenue.

The figures leave the question of whether Robinhood Chain can restore trading activity while maintaining more than $1 billion in deposits — and whether rising perpetuals volume can offset the spot trading slowdown — particularly after the fee subsidy expires on December 31, 2026.

Source: BitcoinKE