Robinhood Chain fees collapse 97% even as transactions stay near record highs
Why now
Thesis: Falling chain fees despite record transactions pressure crypto revenue
Catalyst to watch: Robinhood disclosure on crypto infrastructure monetization
Main risk: Weak per-transaction monetization persists
Why it matters
Falling chain fees despite high transaction counts signals weak monetization per transaction, pressuring revenue tied to Robinhood's crypto infrastructure.
Details
Seven-day average fees fell 82% while transaction counts slipped 6%, with about $1.5 billion a day still changing hands.
Sources
- coindesk · 2026-09-19 12:00 UTC