\n
<\/p>\n
UNI is trading around $6.31, up 16.5% in the last 24 hours, after Robinhood Chain’s decentralized exchange volume hit a new daily high above $1.3 billion, according to CoinGecko.<\/p>\n
The move ties Uniswap’s token price directly to trading activity on Robinhood Chain, where Uniswap is the network’s primary automated market maker and collects fees on that volume.<\/p>\n
UNI’s 24-hour range ran from $5.58 to $6.37. The token is up nearly 46% for the week and more than 51% for the month, though still down about 35% for the year and roughly 86% below its all-time high of $44.92, set in May 2021.<\/p>\n
UNI also gained about 12% against Bitcoin and nearly 13% against Ethereum over the same window, according to CoinGecko’s pairing data.<\/p>\n
Trading activity also picked up alongside the price, with the token’s 24-hour volume hitting $1.17 billion, up 95% from the previous day.<\/p>\n
Robinhood Chain’s volume has been climbing for weeks, with a record $875 million in daily DEX volume on August 30. By today, CoinGecko’s tracking puts that figure above<\/a> $1.3 billion, nearly 50% higher within three days.<\/p>\n Separately, Arkham reported that Robinhood Chain is now generating<\/a> more in chain fees than Solana, Base or Ethereum, pointing to $1.49 billion in DEX volume and 5.52 million daily transactions as the drivers, along with a new trading pattern that pairs meme coins directly against tokenized stocks.<\/p>\n One example it cited is Artificial Inu, a meme coin with a $184 million market cap that trades against a tokenized version of Nvidia stock rather than a stablecoin or the network’s native asset.<\/p>\n Uniswap’s position on Robinhood Chain goes beyond just facilitating trades. As CryptoPotato<\/em> reported in August, the platform launched<\/a> Pools.trade, a token launchpad, on the network early that month, letting users create tokens through either a four-hour Crowd Launch or an Instant Launch before liquidity gets locked into Uniswap v4 pools.<\/p>\n The rollout pulled traders away from rival launchpad token PONS, which fell nearly 14% in 24 hours and almost 48% over the week that followed.<\/p>\n Uniswap still trails other Robinhood Chain applications on direct fee capture. GMGN generated $1.11 million in application fees, and Pons brought in $930,000, compared with $307,000 for Uniswap, according to Arkham’s data.<\/p>\n Meanwhile, Robinhood’s total value locked (TVL) has climbed to $740 million, up 23% on the week, on a network that only launched on July 1.<\/p>\n The post UNI Jumps 16% as Robinhood Chain DEX Volume Hits $1.3B<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nUniswap’s Growing Role on Robinhood Chain<\/h2>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"UNI is trading around $6.31, up 16.5% in the last 24 hours, after Robinhood Chain’s decentralized exchange volume…\n","protected":false},"author":2,"featured_media":46056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-46754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46754"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/46754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/46056"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}