Robinhood Chain averaged 11.6 million daily transactions last week, a record for the network and ~30% above the prior week's daily average.
Meanwhile, total value locked (TVL) in the chain stands at $473 million, up 32% from the prior week.
Despite all this, the average number of daily active accounts is up just 3.3% week-over-week and still 11% below the July 16 peak.
Active accounts briefly spiked on Thursday following the spot listing of the Cashcat memecoin on the Robinhood app, yet the weekly average barely moved.
There is a clear divergence in the number of transactions and TVL growing against a stagnating user base.
