Robinhood Chain Zooms to Near-$1 Billion TVL on Uniswap Fuel

Rapid growth has propelled the Robinhood Chain to nearly $1 billion in total value locked (TVL) just over a month after its launch, with Uniswap playing a key role.

The chain's partnership with Uniswap V2, V3, and V4 has virtually met all liquidity demand, according to Standard Chartered analyst Geoffrey Kendrick.

As a result, the UNI burn rate has roughly doubled since July 27, when Robinhood-linked fee switch was activated. Annual burns are now running at about $90 million, equivalent to approximately 25 million UNI tokens or more than 4% of circulating supply per year.