The daily volume of burned $UNI tokens, belonging to Uniswap, has exceeded the $1 million mark for the first time, driven by a significant increase in trading activity on the Robinhood Chain platform. According to data, the total amount of burned $UNI on September 4 reached $1.15 million, with 184,000 $UNI removed from circulation during the day. This amount represents the second-largest daily amount of burned $UNI in the entire observation history.
It was determined that the majority of the burned $UNI tokens came from the Robinhood Chain network. According to data, approximately 150,000 of the 184,000 $UNI tokens burned on September 4 originated from activity on Robinhood Chain. Thus, this network became the largest source of burned $UNI tokens on that day.
The increase was driven by a sharp rise in trading volume on the Robinhood Chain decentralized exchange. On the same day, the daily trading volume on this DEX exceeded $3 billion for the first time, with Uniswap's share of the total volume reaching 98 percent.
Lately, Robinhood Chain has been attracting attention due to its high activity. It continues to stand out, especially in the memecoin market.
*This is not investment advice.
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