Uniswap Surges 8.41% as Tokenized-Stock Trading Volume Hits $1 Billion
Uniswap (UNI) has surged by approximately 8.41% after its tokenized-stock trading volume on Robinhood Chain reached $1 billion, a significant increase from $638.5 million earlier in the week.
This growth reflects a surge in on-chain demand for UNI, with the asset's price moving above key moving averages of 20-day, 50-day, and 200-day.
The trading volume milestone was reached on July 10, coinciding with Robinhood Chain's public mainnet launch that fully supports Uniswap protocols. This development has enabled new projects to issue tokens and direct liquidity into Uniswap v4 pools with permanently locked positions via Pools.trade.