The surge in GameStop’s stock price, driven by significant investor activity, has resulted in a substantial increase in downloads for various trading applications, propelling them to the top of the App Store charts. Currently, the widely-used trading platform Robinhood has reached the No. 1 position overall on the App Store for the first time, with Reddit, the host of the r/wallstreetbets forum instrumental in the GameStop movement, following closely at No. 2.

According to data from Apptopia, neither of these applications had previously attained such a high ranking.

Apptopia’s analysis also revealed that Robinhood experienced its most successful day for single-day downloads on Wednesday, January 27, 2021, with 120,000 new users downloading the application on both iOS and Android platforms. The app also registered a record number of 2.6 million daily active mobile users.

Simultaneously, the online forum Reddit achieved a new record for mobile app downloads, reaching an estimated 199,000 single-day downloads across iOS and Android, and climbed to the No. 2 position on the U.S. App Store’s Overall Top Charts.

The heightened interest surrounding GameStop and the increased participation of individual investors is also benefiting established trading applications. Platforms such as TD Ameritrade, Webull, Fidelity, and E-Trade have seen increased user activity and improved chart positions.

On Wednesday, all four of these applications achieved their highest-ever chart rankings on the U.S. App Store, with Webull at No. 45, followed by TD Ameritrade at No. 53, E-Trade at No. 113, and Fidelity at No. 178. (App Annie indicates that Webull concluded Wednesday even higher, at No. 30 on iPhone; previously, it had not been among the top 100 free iPhone apps.)

Webull also recorded its highest number of daily active users yesterday, totaling 952,000, while TD Ameritrade reached a record 444,000 daily active users, and Fidelity recorded 429,000, according to Apptopia’s findings.

Collectively, these four applications accumulated 863,000 total downloads on Wednesday (Webull: 39,000; TD Ameritrade: 24,000; E-Trade: 11,000; and Fidelity: 12,300).

The duration of this surge in trading app activity remains uncertain, as Robinhood has already restricted trading in certain stocks popular with retail investors, including GameStop, AMC Entertainment, BlackBerry, Bed, Bath & Beyond, Koss Corporation, Express, Nokia, and Naked Brand.

This decision has prompted negative reactions from Robinhood users, who are currently expressing their dissatisfaction through 1-star reviews and encouraging others to do the same.

Interestingly, the Cash App, owned by Square, had not initially experienced gains from the GameStop situation this week, as reported by Apptopia. However, it now appears to be facing challenges as users seek alternative stock trading platforms. This morning, Cash App’s Twitter bio indicated they are addressing an issue causing delays in some orders.

App Annie reports a slight increase in Cash App’s ranking today, moving from No. 14 to No. 12 overall.