Surging real trading volume on Robinhood Chain is driving UNI's latest rally. The token broke above $5.24 on HTX on August 30, with its 24-hour gain widening to 18.9%, according to BlockBeats, which cited HTX market data. The volume boom has made Uniswap the main DEX for tokenized-stock RWAs on Robinhood, where single-day tokenized-stock trading reached roughly $130 million — nearly ten times the level seen a month earlier. Since the v4 fee switch went live on Robinhood on July 27, the chain has become Uniswap's largest fee contributor. Robinhood's protocol fees over the past 24 hours now stand at about $11.29 million. Uniswap and the issuance platform Pons each contribute roughly $4.3 million, with Uniswap ranking first among all protocols. Under the v4 fee switch rules, that fee flow generates a continuous daily burn worth $200,000–$300,000 for UNI. At current prices, the burn works out to roughly 57,000 UNI destroyed every day.
UNI climbed past $5.24 on HTX on August 30, with the 24-hour gain widening to 18.9%, according to BlockBeats.
Real volume on Robinhood Chain is the catalyst
The biggest catalyst behind the move: real trading volume on Robinhood Chain has erupted. That surge has made Uniswap the main DEX for tokenized-stock RWAs on Robinhood. Single-day tokenized-stock trading reached roughly $130 million at one point — nearly ten times the level seen a month earlier.
v4 fee switch turns Robinhood into a top fee contributor
Since the v4 fee switch went live on Robinhood on July 27, the chain has become the main contributor to Uniswap's fees. Robinhood's 24-hour protocol fees stand at about $11.29 million, with Uniswap and the issuance platform Pons each accounting for roughly $4.3 million. Uniswap ranks first among all protocols.
Daily burn of roughly 57,000 UNI
Under the v4 fee switch rules, Uniswap's ~$4.3 million in protocol fees produces a continuous daily burn of around $200,000–$300,000 for UNI. At current prices, that converts to roughly 57,000 UNI burned each day.
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