UNI Jumps 16% as Robinhood Chain DEX Volume Hits $1.3B

Robinhood Chain recorded 5.52 million daily transactions as tokenized stocks and meme coins create new trading pairs across the network. UNI is trading around $6.31, up 16.5% in the last 24 hours, after Robinhood Chain’s decentralized exchange volume hit a new daily high above $1.3 billion, according to CoinGecko. The move ties Uniswap’s token price directly to trading activity on Robinhood Chain, where Uniswap is the network’s primary automated market maker and collects fees on that volume. Robinhood Chain’s Volume Keeps Climbing UNI’s 24-hour range ran from $5.58 to $6.37. The token is up nearly 46% for the week and more than 51% for the month, though still down about 35% for the year and roughly 86% below its all-time high of $44.92, set in May 2021. UNI also gained about 12% against Bitcoin and nearly 13% against Ethereum over the same window, according to CoinGecko’s pairing data. Trading activity also picked up alongside the price, with the token’s 24-hour volume hitting $1.17 billion, up 95% from the previous day. Robinhood Chain’s volume has been climbing for weeks, with a record $875 million in daily DEX volume on August 30. By today, CoinGecko’s tracking puts that figure ...