The Defiant·The Defiant Team·3h ago
Robinhood Chain's DEX Volume Fell 72% While Transactions And Deposits Set Records
Read original on The DefiantDaily volume dropped from $878 million on Jul. 11 to $241 million on Aug. 1 as transactions, deposits and stablecoin supply climbed to all-time highs. Volume per transaction fell 74%. More than 90% of the chain's incentive spending pays depositors.
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💬 Discussion: Robinhood Chain's DEX Volume Fell 72% While Transactions And Deposits Set Records
Daily volume dropped from $878 million on Jul. 11 to $241 million on Aug. 1 as transactions, deposits and stablecoin supply climbed to all-time highs. Volume per transaction fell 74%. More than 90% of the chain's incentive spending pays depositors.
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