Crypto
Robinhood Chain Drives UNI Token Burn Surge Past $1 Million
The UNI token burn surged to a record $1.15 million on September 4, surpassing the $1 million mark for the first time ever.
This milestone was driven by heightened trading activity on Robinhood Chain, which accounted for 150,000 of the 184,000 tokens burned that day.
The burn mechanism destroyed a total of 184,000 UNI tokens, making it the second-highest daily amount ever logged for the asset.
Rosinhood Chain's decentralized exchange volume exceeded $3 billion for the first time on September 4, with Uniswap handling as much as 98% of the total trading volume.