Robinhood Chain's average daily transactions drop 42%, spot trading volume falls to $7.45 billion

Odaily reports: Robinhood Chain recorded an average of 6.2 million daily transactions between October 2 and 8, a 42% decrease from mid-September; daily active addresses fell 31%.

Robinhood Chain's weekly spot trading volume dropped 21% to $7.45 billion, but deposits remain above $1 billion, while perpetual contract trading volume rose 26%.

Robinhood will continue to cover network fees for token swaps exceeding 50 cents through December 31 in an effort to boost network activity. (CoinDesk)