Robinhood Chain: Fees Drop 97% as Volume Holds

Robinhood Chain daily on-chain fees plunged 97% from roughly $8 million in early September to just $230,000 by September 16 even as $1.5 billion in volume continues to flow each day. CryptoMichNL reads the collapse as the start of a classic liquidity rotation out of big caps into mid caps, then small caps and finally onchain altcoins that have already suffered 80% corrections and now sit at deep discounts. Traders hunting the next leg of gains are therefore scanning onchain altcoins price action for entry points ahead of the final stage of the cycle, where historical rotations have delivered the largest multiples.