Uniswap trading volume surges on Robinhood, UNI price breaks above $5.2

According to HTX market data, UNI has broken through $5.24, with its 24-hour gain expanding to 18.9%. The primary catalyst driving UNI’s recent rally is the surge in real trading volume on Robinhood Chain, which has positioned Uniswap as the leading decentralized exchange (DEX) for tokenized stock RWAs on Robinhood. The daily trading volume of tokenized stocks on the chain once reached around $130 million, a nearly 10x increase in one month. Additionally, since Uniswap’s v4 version fee switch launched on Robinhood on July 27, the chain has become a major contributor to Uniswap’s fee revenue. Currently, Robinhood’s 24-hour protocol fees total approximately $11.29 million, with Uniswap and issuance platform Pons each contributing around $4.3 million, making Uniswap the top protocol by fee contribution. Per the v4 fee switch rules, this level of Uniswap protocol fees will fuel ongoing UNI token burns of $200,000 to $300,000 daily, equivalent to about 57,000 UNI tokens burned per day at current prices.