Uniswap hits $5.2M in daily fees as Robinhood Chain drives the surge
Uniswap’s founder, Hayden Adams, has shared that the corporate collects roughly $5.2 million in charges per day. Information from DefiLlama backs the determine at $5.16 million over the previous 24 hours.
The surge is essentially because of Robinhood’s two-week-old blockchain, which now accounts for many of that price movement. In the meantime, a key governance vote is underway that would prolong $UNI token burns to v4 swimming pools.
Why is Robinhood Chain so essential for Uniswap?
Uniswap’s CEO, Hayden Adams, has revealed by means of a submit on X that it’s raking in over $5 million in charges day by day, with Robinhood’s new blockchain, which launched on July 1, accounting for many of that cash.
Of the $5.16 million in charges Uniswap collected over 24 hours, DefiLlama attributes $4.38 million to Robinhood Chain. As compared, Ethereum, which was the protocol’s core market, contributed solely about $296,000. Base was shut behind at roughly $288,000.
Robinhood Chain, constructed on Arbitrum’s expertise, went dwell on July 1. The buying and selling exercise on the blockchain has exploded since then, with greater than 220,000 day by day merchants and cumulative quantity hitting $1 billion in simply 9 days.
For $UNI token holders, this might imply extra token burns if a present “snapshot” vote relating to extending its fee-and-burn mechanism to v4 swimming pools passes.
Uniswap was built-in as the principle automated market maker from day one. Its v2, v3, v4, and UniswapX merchandise have been all deployed at launch. Over seven days, Robinhood Chain accounts for $10.98 million of Uniswap’s $20.1 million complete weekly charges.
$UNI is buying and selling round $3.62, up roughly 35% from its early-July low of about $2.70. Nonetheless, it stays about 92% beneath its all-time excessive of $44.97 reached in Might 2021.
Throughout all 47 chains it operates on, Uniswap logged $2.112 billion in 24-hour DEX quantity, greater than 5 instances the next-largest change, PancakeSwap.
The corporate’s CEO, Hayden Adams, posted on X that the protocol was out-earning each crypto venture besides the stablecoin issuers behind USDC and USDT.
Nonetheless, it is very important word that these “charges” usually are not the identical as protocol revenue. DefiLlama exhibits Uniswap’s 24-hour income at simply $73,454. The majority of the $5.2 million flows to liquidity suppliers, to not the treasury or token holders immediately.
How will the snapshot vote have an effect on customers?
Cryptopolitan beforehand reported that Uniswap Labs is working a “Snapshot” vote from July seventh to the twelfth. The vote is relating to whether or not or to not prolong its fee-and-burn mechanism to v4 swimming pools.
This mechanism is a part of the UNIfication program authorised in December 2025 that requires anybody who needs to assert charges from the protocol to first burn an equal worth of $UNI tokens. The burned tokens are completely faraway from circulation.
Early Snapshot outcomes point out over 93% approval, with about 13.9 million $UNI votes in favor. If handed, binding on-chain votes are anticipated the week of July 13.
The proposal would activate charges on three households of v4 swimming pools throughout 11 totally different blockchain networks, together with Ethereum, Arbitrum, and Polygon. This enlargement would broaden the burn engine to its largest scope but.
Uniswap holds a document of burning 186,000 $UNI in a single day final month, surpassing the earlier day by day excessive of 134,000.
Nonetheless, liquidity suppliers have warned that the v4 price swap may drive them away. Protocol charges are taken from the quantity that LPs earn, so fee-enabled swimming pools will supply barely decrease returns than these with zero charges.
