Uniswap trading volume surges on Robinhood, UNI breaks through $5.2
Mars Finance news: On August 30, according to market information, UNI broke through $5.24, with the 24-hour gain widening to 18.9%. The biggest catalyst for this round of UNI’s rally was the surge in real trading volume on Robinhood Chain, which has made Uniswap the leading DEX for tokenized stock RWA on Robinhood. The daily trading volume of tokenized stocks reached about $130 million, increasing nearly 10-fold over the month. In addition, since the v4 version fee switch went live on Robinhood on July 27, this chain has become the major contributor to Uniswap’s protocol fees. Currently, Robinhood’s 24-hour protocol fees are about $11.29 million, with Uniswap and issuing platform Pons contributing roughly $4.3 million each. Uniswap ranks first among all protocols. Under the v4 version fee switch rules, Uniswap protocol fees in the $4.3 million range will provide continuous burns to UNI of around 200,000–300,000 per day. Based on the current price, this is equivalent to about 57,000 UNI burned per day.