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DeFi News

Robinhood Chain Sees Transactions Drop 42%

Robinhood Chain Sees Transactions Drop 42%

The slowdown is hitting Robinhood’s business model, while deposits and stablecoin reserves are holding up. The chain also faces technical risks because of its single sequencer.

DeFi stands for financial services without the involvement of banks or other central parties.

Within DeFi, blockchain technology is used for services such as borrowing, lending, trading, and earning yield. Smart contracts automatically execute financial processes.