Robinhood Chain is facing its first real cooldown.

Daily revenue has fallen from $5.44M to $436K, while DEX volume dropped from $2.61B to $1.383B.

$PONS now trades near $0.52, 45% below its peak. Its market cap has shrunk from roughly $651M to $364M.

Robinhood Chain proved it can capture attention.

Now it has to prove the launches, users and fees can last.