Uniswap daily UNI burn tops $1M for first time as Robinhood Chain activity surges

The dollar value of Uniswap’s daily UNI burn reached $1.15 million for the first time on Sept. 4, topping $1 million for the first time, Wu Blockchain reported. Uniswap burned a total of 184,000 UNI that day, marking the second-largest daily burn on record by token amount. Of that total, about 150,000 UNI was attributed to burns tied to Uniswap trading on Robinhood Chain. The recent surge in Uniswap’s UNI burn appears to reflect increased trading activity on Robinhood Chain. On the same day, Robinhood Chain’s daily DEX trading volume exceeded $3 billion for the first time, with Uniswap accounting for as much as 98% of the total. Robinhood Chain is an Ethereum layer-two network launched by U.S. stock and cryptocurrency trading platform Robinhood (Nasdaq: HOOD) based on Arbitrum technology.