Robinhood Chain TVL Approaches $1 Billion, Uniswap Provides Nearly All Liquidity
2026-08-13 17:35
Odaily Planet Daily News: Robinhood's blockchain project Robinhood Chain has seen its total value locked (TVL) approach $1 billion. According to Standard Chartered analyst Geoffrey Kendrick, nearly all of its liquidity is provided by Uniswap V2, V3, and V4, making it the fastest-growing blockchain by this metric.
Protocol fees generated by Robinhood Chain through Uniswap have now become the largest source of UNI burn. Since fee switching related to Robinhood was activated on July 27, UNI's annualized burn rate has reached approximately $90 million. At roughly $3.50 per token, this equates to burning 25 million UNI annually, representing slightly more than 4% of the circulating supply.
Robinhood Chain launched on July 1, focusing on bringing real-world assets on-chain, and reached 194,000 daily active users in its first week. The partnership allows Robinhood to directly leverage mature DeFi infrastructure to provide liquidity for blockchain expansion.
Robinhood is expanding its business into cryptocurrency, prediction markets, and tokenization. The company reported record second-quarter revenue and earnings, though cryptocurrency trading volume and related revenue both declined. (Cointelegraph)
Protocol fees generated by Robinhood Chain through Uniswap have now become the largest source of UNI burn. Since fee switching related to Robinhood was activated on July 27, UNI's annualized burn rate has reached approximately $90 million. At roughly $3.50 per token, this equates to burning 25 million UNI annually, representing slightly more than 4% of the circulating supply.
Robinhood Chain launched on July 1, focusing on bringing real-world assets on-chain, and reached 194,000 daily active users in its first week. The partnership allows Robinhood to directly leverage mature DeFi infrastructure to provide liquidity for blockchain expansion.
Robinhood is expanding its business into cryptocurrency, prediction markets, and tokenization. The company reported record second-quarter revenue and earnings, though cryptocurrency trading volume and related revenue both declined. (Cointelegraph)
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