<p>Much decline. </p> <p>Robinhood — the crypto and equities broker — has released financial data showing that trading in meme-coin Doge declined from 62% of its cryptocurrency transaction revenue in Q2 to 40% in the most recent quarter. </p> <p>"For the three months ended September 30, 2021, 40% of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin, as compared to 62% for the three months ended June 30, 2021 and 34% for the three months ended March 31, 2021," the firm said in a filing reviewed by The Block Research on Wednesday. </p> <p><img class="alignnone wp-image-123947 size-full" src="https://www.tbstat.com/wp/uploads/2021/11/image.jpeg" alt="" width="1200" height="547" /></p> <p>The dogecoin data shouldn't come as a surprise given the sanguine quarter for Robinhood's crypto business in Q3. The firm reported earnings for the third quarter at the end of October, showing a broader decline in interest in the crypto market during that period. </p> <p>Popularity in Dogecoin trading translated into a strong second quarter for Robinhood's crypto business. Still, crypto traders are a fickle bunch, often moving quickly between tokens. That could be a disadvantage for Robinhood relative to its competitors given that it is in no rush to list new coins. </p> <p>The firm's crypto lead, Christine Brown, <a href="https://fortune.com/2021/11/10/shiba-inu-coin-robinhood-listing-christine-brown/">said</a> at an industry event hosted by crypto publication Decrypt that its strategy is not to "list as many assets as possible right now."</p> <p>“We think that the short-term gain we might get is not worth the long-term trade-off for our users,” she added. </p>