Robinhood Chain slowdown spreads from fees to trading as transactions fall more than 40%

60-second summary

Robinhood’s blockchain network slows as daily transactions plunge from 10.8 million to 6.2 million since mid‑September, a drop exceeding 40 percent, while the platform continues covering network fees on user swaps. The sharp activity decline pressures revenue and could prompt tighter fee structures, signaling broader market strain on retail crypto trading platforms in 2024 overall.