Uniswap Founder Says 99.5% of Robinhood Chain DEX Volume Came From Uniswap
Minseung Kang
Forecast Trend Report by Period
Most decentralized exchange volume tied to Robinhood Chain was generated on Uniswap, according to an analysis.
BlockBeats, a crypto-focused media outlet, reported on July 12 that Uniswap founder Hayden Adams said 99.5% of DEX volume related to Robinhood Chain came from Uniswap.
A DEX is trading infrastructure that allows users to swap tokens directly on a blockchain without going through a centralized exchange.
Robinhood Chain was previously reported to have surpassed Solana in daily DEX trading volume. Adams' remarks indicate the core liquidity behind that increase was concentrated on Uniswap.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.