Robinhood Chain is closing in on $1 billion in total value locked (TVL) just over a month after its public launch, with Uniswap serving as the primary engine behind that growth, according to
Robinhood Chain is closing in on $1 billion in total value locked (TVL) just over a month after its public launch, with Uniswap serving as the primary engine behind that growth, according to Standard Chartered.
Standard Chartered analyst Geoffrey Kendrick said Robinhood Chain has grown to nearly $1 billion in TVL, which he described as the fastest growth of any blockchain by that measure.Robinhood Chain launched its public mainnet on July 1, 2026, as an Ethereum Layer 2 solution built on the Arbitrum Orbit stack.The chain launched with a focus on bringing real-world assets onchain, and adoption accelerated quickly, reaching 194,000 daily active users during its first week.
Virtually all of Robinhood Chain's liquidity needs are being met through Uniswap V2, V3, and V4. The arrangement gives Robinhood access to established decentralized finance infrastructure as it scales its blockchain, potentially strengthening its ability to attract users without having to build liquidity from scratch.Uniswap launched all three versions of its decentralized exchange on Robinhood Chain when the layer-2 network went live on July 1.
According to Standard Chartered, protocol fees generated through Robinhood are now the largest source of UNI token burns. 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.At UNI's current price of roughly $3.50, that would translate to 25 million UNI tokens, or just over 4% of the circulating supply, being burned annually.
Uniswap collected $1.81 million of the chain's $2.28 million in daily fees, or 78.8%.Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, wrote in his latest note: "I fear my 2030 UNI target of USD100 is too low!"
Standard Chartered said Robinhood's Uniswap integration could solve a key challenge for new blockchains while accelerating UNI token burns. Robinhood's partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting users and assets. For Uniswap, the deal channels a large retail user base directly through its protocol, compounding both fee revenue and burn momentum.
Sources:Robinhood Chain Relies on Uniswap as Liquidity Nears $1B, CoinTelegraphRobinhood Chain Mainnet Launch, Robinhood NewsroomStandard Chartered Rethinks Uniswap Price Target, BeInCrypto
