Robinhood Chain fees fall 97% to $230,000 a day; $1.5 billion still trades on it
The chain moves about $1.5 billion a day and bills $230,000 for it; its token issuance platform did $616 million in a week.
Robinhood Chain took in about $230,000 in fees on September 16[1]. It fell from about $8 million a day in early September, a drop of 97%[2][3].
About $1.5 billion in value still moved each day as of mid-September[4]. The chain charged $230,000 in fees on that flow[4].
Pons runs token issuance on the chain. It did about $616 million in trading volume in the week to September 16[5].
In the 24 hours to September 19, apps took about $8 million in fees[6]. Apps kept about $1.5 million of it[6].
Who gains, who loses
Receipts
Robinhood Chain fee revenue dropped from about $8 million per day in early September 2026 to about $230,000 on September 16, 2026.
“Odaily News: Robinhood Chain fee revenue dropped from about $8 million per day in early September to about $230,000 on September 16; transaction count fell from 13.1 million to 8.9 million, and the average fee per transaction dropped from…”
Daily on-chain fees on Robinhood Chain fell 97% from roughly $8 million in early September 2026 to about $230,000 on September 16, 2026.
“Daily on-chain fees on Robinhood Chain have fallen 97% from roughly $8 million in early September to about $230,000 on September 16, according to data shared by Coin Bureau”
The change in Robinhood Chain fees from approximately $8 million at the beginning of September 2026 to roughly $230,000 on September 16, 2026 represents a reduction of approximately 97%.
“Based on the figures shared by Wu Blockchain, the reduction amounts to approximately 97%.”
As of mid‑September 2026, Wu Blockchain’s cited figures show approximately $1.5 billion in daily on‑chain volume on Robinhood Chain alongside just $230,000 in fees.
“For now, the figures reported by Wu Blockchain show approximately $1.5 billion in daily on-chain volume alongside just $230,000 in fees.”
For the week ending September 16, 2026, token issuance platform Pons recorded about $616 million in trading volume, down 37% week-over-week.
“Token issuance platform Pons recorded about $616 million in trading volume for the week, down 37% week-over-week, with protocol revenue falling from $10.7 million to $5.8 million.”
Over the 24 hours preceding September 19, 2026, on-chain applications in the Robinhood ecosystem collectively collected about $8 million in fees and retained about $1.5 million in revenue.
“Over the past 24 hours, on-chain applications collectively collected about $8 million in fees and retained about $1.5 million in revenue.”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.