The value of UNI burned on September 4 exceeded $1 million in a single day for the first time, reaching about $1.15 million as trading activity on Robinhood Chain surged.
According to Wu Blockchain Data Center, a total of 184,000 UNI was burned that day, the second-highest daily amount on record. Robinhood Chain alone accounted for about 150,000 UNI, representing more than 81% of the total burned.
On the same day, daily DEX trading volume on Robinhood Chain surpassed $3 billion for the first time, with Uniswap accounting for as much as 98% of the total. The surge in trading activity on Robinhood Chain was the main driver behind the sharp increase in UNI burns.
$UNI
has gained more than 70% over the past month.