Uniswap’s Daily UNI Burn Crosses 1 Million Dollars for the First Time, Driven by Robinhood Chain Activity

BitcoinWorld Uniswap’s Daily UNI Burn Crosses 1 Million Dollars for the First Time, Driven by Robinhood Chain Activity According to a report from Wu Blockchain, the dollar value of Uniswap’s daily UNI token burn hit 1.15 million dollars on 4 September, crossing the 1 million dollar mark for the very first time.

On that same day, Uniswap burned a total of 184,000 UNI tokens, making it the second largest single day burn on record when measured by the actual number of tokens burned.

Out of that total, roughly 150,000 UNI tokens were specifically tied to burns coming from Uniswap trading activity happening on Robinhood Chain. This recent jump in UNI burning appears to be directly connected to a surge in trading activity on that network.

On the same day, Robinhood Chain’s daily trading volume across decentralized exchanges crossed 3 billion dollars for the first time ever, with Uniswap alone responsible for as much as 98 percent of that total volume.