Robinhood Chain Trading Volume Down 72% from Peak, Incentive Funds Primarily Flow to Depositors

TechFlow News, August 7: According to The Defiant, Robinhood Chain on-chain decentralized exchange trading volume has declined 72% from the peak on July 11, despite the number of on-chain transactions, deposit volume, and stablecoin supply all hitting record highs. Data shows that the average on-chain transaction value has dropped from $105 to $28, reflecting that the growth in trading activity has failed to translate into higher trading volume. Additionally, currently about 92% of on-chain real-time incentive spending flows to depositors rather than traders, which is considered a significant reason for the weakening trading volume.