Robinhood Crypto Chain’s $146M Tokenized-Stock Bet Faces Its First Fee Test

Robinhood crypto chain had attracted $146 million in tradeable tokenized stocks, just weeks before the free-gas promotion that helped support early activity was set to expire on Sept. 29.

The key question is how activity changes once wallet users begin paying transaction fees that Robinhood had covered following the chain’s July 1 launch.An activity that appears strong while transactions are free may weaken when users must bear network costs directly.

Robinhood Chain has not yet faced that test without the subsidy.

ROBINHOOD CHAIN IS ABOUT TO GET TESTEDThe initial gas rebate period is ending later this month.That means memecoins on the chain are about to face a very different environment.Will activity stay strong when the free gas disappears?September could get interesting.