Robinhood Chain Relies on Uniswap as Liquidity Nears $1B

Robinhood Chain Relies on Uniswap as Liquidity Nears $1B

Standard Chartered said Robinhood’s blockchain is scaling at a record pace while its Uniswap integration drives a sharp increase in UNI token burns.

Robinhood Chain Approaches $1B TVL as Uniswap Boosts Liquidity

Robinhood’s newly launched blockchain, Robinhood Chain, is scaling its onchain activity with help from Uniswap, according to Standard Chartered—an integration that may reduce one of the biggest early hurdles for any fresh network: assembling sufficient liquidity quickly enough to support real demand. In a research note cited by the bank’s analysts, Robinhood Chain is reported to have grown to nearly $1 billion in total value locked (TVL). Standa…

Standard Chartered Says Its $100 UNI Target May Be Too Low After Robinhood Chain Burns

Standard Chartered's global head of digital assets research said on Thursday that the $100 end-2030 price target he set for UNI in June may be too low, citing the rate at which Uniswap is now burning tokens with fees earned on Robinhood Chain. The burn rate Geoff Kendrick is extrapolating from is... Read the full story at The Defiant