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Uniswap's UNI Price Soars as Robinhood Chain Hits Record DEX Volume

Guavy AI Editorial Team
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Uniswap's UNI price surged over 12% on September 1 to $5.73, taking its weekly gain to 29.82% and market cap to about $3.57 billion.

The strong trading activity on Robinhood Chain was the main driver behind the rally, with Uniswap handling 76% of the chain's $1.56 billion daily decentralized exchange volume.

Uniswap's protocol fees and UNI burn mechanism have also gained attention due to the increased activity, with over $300,000 worth of UNI burned in 10 days and total burns nearing $160 million.

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