Morning Edition · Sunday, September 20, 2026Published at 1:45 AM EDT · New York
Roughly $1.5 billion a day still moves across the network, which secures $2.85 billion and remains at the least decentralized stage on L2Beat's scale.

Fees on Robinhood Chain have fallen 97 percent while transaction counts stayed elevated, according to CoinDesk. Seven-day average fees dropped 82 percent as transaction counts slipped 6 percent, with about $1.5 billion a day still changing…
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Part of a tracked trend
On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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