--- title: "Uniswap’s Robinhood Chain boom fuels $1M in daily UNI burns" type: "News" locale: "en" url: "https://longbridge.com/en/news/298121972.md" description: "Uniswap's UNI token burns reached a record $1.15 million daily, driven by surging activity on Robinhood Chain, which accounts for 98% of Uniswap's volume. While the burn reduces supply, spot selling pressure persists. Technical indicators suggest a bullish bias, with analysts targeting $7 if demand strengthens and $6.50 as a key level to clear, provided $6 support holds." datetime: "2026-09-06T03:04:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298121972.md) - [en](https://longbridge.com/en/news/298121972.md) - [zh-HK](https://longbridge.com/zh-HK/news/298121972.md) generator: "portal-rs" --- # Uniswap’s Robinhood Chain boom fuels $1M in daily UNI burns Robinhood Chain has recorded rapid growth, and Uniswap has become its largest direct beneficiary. As AMBCrypto reported, tokenized-stock holders increased from nearly zero to 863,800 within two months. Daily Trading Volume also averaged between $100 million and $130 million. That participation substantially increased Robinhood Chain’s Fees and Revenue. Source: DeFiLlama On the 4th of September, daily Fees reached $6 million, while Revenue climbed to $5.4 million. That activity also pushed daily UNI burns to a record value. ## Why did UNI burns cross $1M? Uniswap recorded higher activity alongside rising Fees and Revenue. DeFiLlama data showed that daily Fees reached $12.5 million, while Revenue exceeded $1 million. Source: DeFiLlama As network activity accelerated, the value of burned UNI also climbed sharply. According to the Wu Blockchain Data Center, daily UNI burns reached $1.15 million. That marked the first time their daily value surpassed $1 million. Source: Wu Blockchain Data Center Around 184,000 UNI were burned, marking the second-highest daily total on record. Robinhood Chain generated approximately 150,000 UNI of that amount. On the same day, Robinhood DEX Volume surpassed $3 billion for the first time. Uniswap accounted for 98% of that activity, making it the primary engine behind the burn. Token burns reduce circulating supply. However, their price impact still depends on demand and the size of remaining supply. ## Can UNI price follow the burn? Despite record burns, Uniswap \[UNI\] continued facing selling pressure from Spot traders. Spot Netflow rose to $2.1 million after recording -$6.6 million during the previous session. Source: CoinGlass That reversal indicated renewed exchange inflows and potential profit-taking. Even so, UNI’s market structure retained a bullish bias. The Positive Directional Indicator \[+DI\] remained above the Negative Directional Indicator \[-DI\], showing that buyers maintained directional control. Source: TradingView Meanwhile, the Average Directional Index \[ADX\] remained above its SMA, supporting the trend’s strength. The Advance Decline Ratio also held above 1, confirming broader bullish participation. Therefore, stronger demand alongside continued burns could help Uniswap \[UNI\] clear $6.50 and target $7. However, UNI must defend $6. Losing that level could expose the $5.60 support. Uniswap’s burn mechanism is working. The unanswered question is when the market will price that value accrual. * * * ## Final Summary - *Robinhood Chain reached 863,800 tokenized-stock holders within two months. Its daily Trading Volume averaged between $100 million and $130 million.* - *Uniswap \[UNI\] could target $7 if demand strengthens and $6 remains support.* ### Related Stocks - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) ## Related News & Research - [Robinhood's stock is on the blockchain, and Uniswap is reaping the benefits.](https://longbridge.com/en/news/297497717.md) - [Injective: Robinhood Tokens Are Live - 30 Aug 2026](https://longbridge.com/en/news/297429469.md) - [Limited partners (LPs) on Robinhood Chain are also starting to "make money".](https://longbridge.com/en/news/297783913.md) - [Robinhood's Offshore AMC Token Setup Is 'Shocking and Shameful,' AMC CEO Says](https://longbridge.com/en/news/298063928.md) - [RIA referrals, tech and service: How TradePMR by Robinhood pitches advisors](https://longbridge.com/en/news/297961522.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**