Robinhood Chain deposits climb but volume and users fade after memecoin-fueled launch
The Block·
60-second summary
Robinhood Chain deposits are increasing, but the platform's user base is declining, with daily active accounts averaging 275,000, a 7% week-over-week drop, indicating a possible cooling off of interest in the memecoin-fueled launch. This trend suggests that users may be losing enthusiasm for the platform, potentially impacting its long-term viability and adoption.
The number of active accounts on Roinbhood Chain averaged around 275,000 per day, down by 7% week-over-week.