Uniswap Burns $1.15M in UNI as Robinhood Chain Hits Record DEX Volume
- Uniswap burned 184,000 UNI worth $1.15 million, marking its first daily burn over $1 million.
- Approximately 150,000 UNI were burned from fees generated on the Robinhood Chain.
- Robinhood Chain reported a record daily decentralized exchange (DEX) volume of $3 billion, with Uniswap handling up to 98% of it.
- Since its launch on July 1, Robinhood Chain has processed $34.6 billion in DEX volume and completed 576 million transactions.
- Blob submissions to Ethereum stalled for about 14 minutes, but Arbitrum confirmed that the chain remained operational.
The recent activity highlights Uniswap’s growing revenue connection to the newly launched Robinhood Chain, which significantly impacts the protocol’s token burn rate due to high transaction volumes.
This structural shift underscores Uniswap’s reliance on Ethereum’s blob market and suggests potential volatility in future volume spikes, given the chain’s dependency on Ethereum infrastructure.(Source
