Uniswap hits $5.2M in daily fees as Robinhood Chain drives the surge
Uniswap’s founder, Hayden Adams, has shared that the company collects roughly $5.2 million in fees per day. Data from DefiLlama backs the figure at $5.16 million over the past 24 hours. The surge is largely thanks to Robinhood’s two-week-old blockchain, which now accounts for mos
Uniswap’s founder, Hayden Adams, has shared that the company collects roughly $5.2 million in fees per day. Data from DefiLlama backs the figure at $5.
16 million over the past 24 hours. The surge is largely thanks to Robinhood’s two-week-old blockchain, which now accounts for most of that fee flow. Meanwhile, a key governance vote is underway that could extend UNI token burns to v4 pools.
Why is Robinhood Chain so important for Uniswap? Uniswap’s CEO, Hayden Adams, has revealed through a post on X that it is raking in over $5 million in fees every day, with Robinhood’s new blockchain, which launched on July 1, accounting for most of that money. Of the $5.
16 million in fees Uniswap collected over 24 hours, DefiLlama attributes $4.38 million to Robinhood Chain. In comparison, Ethereum, which used to be the protocol’s core market, contributed only about $296,000.
Base was close behind at roughly $288,000. Robinhood Chain, built on Arbitrum’s technology, went live on July 1. The trading activity on the blockchain has exploded since then, with more than 220,000 daily traders and cumulative volume hitting $1 billion in just nine days.
For UNI token holders, this could mean more token burns if a current “snapshot” vote regarding extending its fee-and-burn mechanism to v4 pools passes. Uniswap was integrated as the main automated market maker from day one. Its v2, v3, v4, and UniswapX products were all deployed at launch.
Over seven days, Robinhood Chain accounts for $10.98 million of Uniswap’s $20.1 million total weekly fees.
UNI is trading around $3.62, up roughly 35% from its early-July low of about $2.70.
However, it remains about 92% below its all-time high of $44.97 reached in May 2021. Across all 47 chains it operates on, Uniswap logged $2.
112 billion in 24-hour DEX volume, more than five times the next-largest exchange, PancakeSwap. The company’s CEO, Hayden Adams, posted on X that the protocol was out-earning every crypto project except the stablecoin issuers behin
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