Robinhood Chain fees collapse 97% even as transactions stay near record highs
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But its numbers show no sign of them arriving. Solana's decentralized exchanges processed about $17 billion during Sept. 10-16, down 8% from the preceding week, while PumpSwap, the exchange tied to memecoin launchpad , recorded $2.9 billion, down 36% against Pons' 37%.
Specific tokens may have pulled traders between the networks, but the chain-wide figures do not show a wholesale migration from Robinhood to Solana.
However, direct bridge flows show some money did move toward Solana. deBridge, a platform that enables token transfers between the two networks, processed $8.2 million from Robinhood to Solana during Sept. 10-16 and just over $6 million in the opposite direction, resulting in a net outflow of about $2 million.
The previous week was almost perfectly balanced, with $13.4 million leaving Robinhood and $13.3 million entering. Transfer counts then moved toward Robinhood, with about 5,000 Solana-to-Robinhood orders during the latest week against 3,800 going the other way, per data accessed by CoinDesk.
Strip out the wildest days and the same picture holds. Robinhood Chain averaged 11.5 million transactions and about $4 million in daily fees during the seven days ending Sept. 4, against 10.8 million transactions and $641,000 in fees in the seven days ending Sept. 16.
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