Uniswap Price Soars 10% as Tokenized Stock Trading Hits Record High
Uniswap's (UNI) price has surged over 10% in a day, reaching $4.85, driven by increased trading volume and activity on Robinhood Chain.
The platform's v4 hooks are powering activity on the chain, where tokenized stock trading reached an all-time high of $130 million in daily volume, 10 times higher than a month ago.
Uniswap's role in generating this activity is becoming harder to ignore, with its protocol fees funding UNI burns and creating a link between trading activity and token supply.