According to Standard Chartered analyst Geoffrey Kendrick, Robinhood Chain neared $1 billion in total value locked (TVL) as of mid-August, marking the fastest growth rate among all blockchains. Uniswap V2, V3, and V4 provide virtually all of the chain's liquidity needs. Since a Robinhood-linked fee switch was activated on July 27, the UNI burn rate has roughly doubled to an annualized pace of approximately $90 million, equivalent to roughly 25 million UNI tokens or just over 4% of circulating supply burned annually. The arrangement allows Robinhood Chain to leverage established decentralized finance infrastructure as it scales, while simultaneously boosting Uniswap's token economics.
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