Uniswap Burns Over $1M Daily on Robinhood Chain Amid Record Trading Volumes

Uniswap saw its first $1 million-plus daily token burn on September 4, as trading activity on Robinhood Chain reached a new high.

Data from Dune's dashboard showed that $1.15 million worth of UNI was destroyed on September 4, with 184,000 tokens burned in total, the second-highest daily amount on record.

Robinhood Chain accounted for 150,000 of those tokens, and its DEX volume exceeded $3 billion for the first time that day. Uniswap handled as much as 98% of that flow.