Uniswap Protocol Burns 178,000 UNI, Robinhood Chain Accounts for 144,000
According to Dune data, the Uniswap protocol burned 178,000 UNI tokens yesterday, valued at over $1.11 million. Robinhood Chain contributed 144,000 UNI to this total, accounting for more than 80% of the daily burn volume and significantly outpacing Ethereum and Base. This follows a July 15 governance proposal to extend Uniswap's fee collection and UNI burn mechanism to Robinhood Chain across v2, v3, and v4 versions, where fees are collected in the TokenJar contract and bridged to the Ethereum mainnet for burning.
Summaries are written by AI from the original article. Not investment advice.