Robinhood Chain revenue fell 83% from peak; Solana retook DEX volume
Daily revenue fell to $1.06 million by September 11, down 76% in a week; Solana took back the volume lead the next day.
Daily protocol revenue on Robinhood Chain fell to $1.06 million by September 11.[1] That is down 76% in a week and 83% below the early-September peak.[1][2] Trading on the network stayed high as the revenue line fell.[2] Fee books per trade, before the bag has a bid.
Solana took back the daily DEX volume lead on September 12.[3] It traded $3.25 billion against Robinhood Chain’s $2.72 billion.[3]
Stablecoin supply on the chain passed $1 billion by mid-September.[4]
The record does not say which of the two is the chain: the $1 billion in deposits or the $1.06 million a day in fees.[4][1]
Who gains, who loses
Receipts
By September 11, 2026, Robinhood Chain’s daily protocol revenue had fallen to $1.06 million, representing a 76% week-over-week decline from early September levels.
“By September 11, daily chain revenue had dropped to $1.06 million, a 76% week-over-week decline.”
Robinhood Chain’s revenue from its peak in early September to September 11, 2026 fell by approximately 83%, despite continued high trading activity on the network.
“The 83% fall from peak levels tells an even starker story about how fragile the chain’s economics were from the start.”
Solana regained the lead over Robinhood Chain in daily DEX volume on September 12, 2026, with Solana at $3.25 billion in 24‑hour DEX volume versus $2.72 billion for Robinhood Chain, a gap of $530 million.
“DeFiLlama data for Sept 12 shows Solana at $3.25B in 24-hour DEX volume, $530M ahead of Robinhood Chain, reversing a summer trend since its July 1 launch.”
By mid-September 2026, the supply of stablecoins on Robinhood Chain had surpassed $1 billion.
“Stablecoin supply on the network crossed $1 billion by mid-September.”
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.