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Robinhood Chain deposits rise while active usage falls

Active accounts on Robinhood Chain averaged about 275,000 per day, down 7% week over week, even as deposits increased.

Reported · Written up by our desk · Market Structure

The Block reports that deposits on Robinhood Chain have climbed, but usage signals softened after a memecoin-fueled launch. According to The Block, the number of active accounts on Robinhood Chain averaged around 275,000 per day, down 7% week over week.

The Block also noted that while deposits increased, volume and user activity declined after the initial burst of activity tied to memecoins.

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