UNI Surges as Robinhood Chain DEX Volume Hits $1.3B

UNI's price surged by over 16% in the last 24 hours to $6.31, as Robinhood Chain's decentralized exchange (DEX) volume hit a new daily high of over $1.3 billion.

This significant increase in trading activity ties Uniswap's token price directly to the activity on Robinhood Chain, where Uniswap is the primary automated market maker and collects fees on that volume.

Robinhood Chain has seen its DEX volume climbing for weeks, with a record $875 million in daily DEX volume reported on August 30. Within three days, this figure increased by nearly 50% to above $1.3 billion.

The token's 24-hour range ran from $5.58 to $6.37, and UNI is now up nearly 46% for the week and more than 51% for the month.