Yesterday, the Uniswap protocol burned 178,000 UNI tokens, with Robinhood Chain alone accounting for 144,000 UNI of the total burn volume.
1 hours ago
According to DUNE data, Uniswap’s official burn mechanism destroyed a total of 178,000 UNI tokens yesterday, worth over $1.11 million. Of this amount, Robinhood Chain contributed a single-day burn volume of 144,000 UNI, accounting for more than 80%—far exceeding other chains like Ethereum and Base, and fully highlighting the current booming state of the Robinhood Chain ecosystem. As previously reported by BlockBeats, on July 15, Uniswap launched a governance proposal to extend protocol fee collection and the UNI burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. Per the proposal, protocol fees generated on Robinhood Chain will be deposited into the chain’s TokenJar contract; Searchers can convert these fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.
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