BUSINESSTHE BLOCK
Robinhood Chain deposits climb but volume and users fade after memecoin-fueled launch
Robinhood Chain deposits have increased, but trading volume and user numbers have declined following a memecoin-driven launch. The platform's active accounts averaged 275,000 daily, representing a 7% week-over-week decrease.
Related Signal
Adjacent reporting
- The launchpad that fueled Robinhood Chain's memecoin boom just gave away all its revenue
- Robinhood Chain's Early Momentum Is Being Driven By Meme Coins, Not Tokenized Stocks
- Robinhood Chain tops $430 million in TVL, FalconX sees RWAs as the key differentiator
- Robinhood CEO’s X account apparently hacked to promote Vladhood memecoin flagged as ‘scam’