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Robinhood Chain nears $1B TVL as Uniswap boosts UNI burns

Standard Chartered said UNI burns roughly doubled after a Robinhood-linked fee switch started on July 27, reaching an annualized pace of about $90 million.

Reported · Written up by our desk · Market Structure

Robinhood Chain is approaching nearly $1 billion in total value locked, with Standard Chartered attributing much of the growth to liquidity provided through Uniswap following Robinhood’s integration with the decentralized exchange. The bank said Robinhood Chain is growing faster than any other blockchain by TVL, and that virtually all of the chain’s liquidity needs are met via Uniswap V2, V3, and V4 as the network scales.

Standard Chartered also tied the partnership to changes in Uniswap’s token economics, saying protocol fees generated through Robinhood are now the largest driver of UNI token burns. The firm said the UNI burn rate has roughly doubled since a Robinhood-linked fee switch was activated on July 27, reaching an annualized pace of about $90 million, which it estimated would burn about 25 million UNI tokens at UNI’s roughly $3.50 price, or just over 4% of circulating supply.

The brokerage’s new chain launched on July 1 with a focus on bringing real-world assets onchain, and Standard Chartered said adoption accelerated quickly, with 194,000 daily active users during its first week. Robinhood Chain is part of a broader push beyond traditional stock trading, including moves into crypto, prediction markets, and tokenization, with Bernstein pointing to tokenization and prediction markets as growth drivers for Robinhood’s stock.

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