Crypto
Home›Crypto›Market Structure›Uniswap UNI burn rate accelerates after Robinhood Chai…
Uniswap UNI burn rate accelerates after Robinhood Chain revenue surge
Standard Chartered cites an annualized UNI burn run rate of about $89.1 million, arguing a 4% annual burn from Robinhood Chain fueled fees is likely unsustainable.
Standard Chartered is revisiting its UNI price target after noting that Uniswap is burning UNI faster than the bank assumed, driven by fee revenue concentrated on Robinhood Chain, according to The Defiant.
The bank’s Geoff Kendrick extrapolated a token burn pace from a 17-day window that is already showing an annualized run rate of about $89.1 million, versus the roughly $90 million level he referenced when setting a $100 end-2030 UNI target in June.
DefiLlama data cited in the piece shows Uniswap protocol revenue averaged $244,222 per day between Jul. 27 and Aug. 12, up from $99,770 per day over the prior 17 days, with all of the fee income used to buy and burn UNI under UNIfication, the December 2025 upgrade that routes protocol fees into programmatic burns.
The Defiant reports that Uniswap v3 on Robinhood Chain contributed $925,054 of the protocol’s $1.55 million total revenue over the past seven days, about 60% of the burn from a single chain, and that this surge coincided with Uniswap governance proposals taking effect in mid-July. UNI was last noted at $3.53, down 6.7% over 24 hours and 13.4% over the week.