Uniswap Burns $28.4M UNI YTD, Robinhood Chain Fees Surge

Uniswap executed $28.4M in UNI buybacks and burns this year. While Ethereum dominates total volume, Robinhood Chain fees now drive over 50% of daily burn activity since late July.

Woofun AI data shows that Uniswap has utilized its fee distribution mechanism to repurchase and destroy approximately $28.4 million worth of UNI tokens since the start of the year. The bulk of these fees originated from the Ethereum network.

However, following the activation of the fee switch, Robinhood Chain has emerged as a significant contributor, generating roughly $2.26 million for UNI buybacks. Since late July, fees from Robinhood Chain have accounted for more than 50% of the daily UNI burn volume on most days, with peaks approaching 70%.