Robinhood Chain Nears $1 Billion in TVL, With Uniswap Fueling Liquidity

Robinhood Chain is approaching $1 billion in total value locked just over a month after its launch, with its partnership with Uniswap rapidly supporting liquidity growth.

Cointelegraph reported on Aug. 13 that Geoffrey Kendrick, an analyst at Standard Chartered, wrote in a recent report that Robinhood Chain's TVL was nearing $1 billion, making it the fastest-growing blockchain by that measure. He said virtually all of the chain's liquidity demand is being met through Uniswap V2, V3 and V4.

The partnership is also reshaping Uniswap's token economics. According to Standard Chartered, UNI's burn rate has roughly doubled since a Robinhood-linked fee switch was activated on July 27. Annual burns are now running at about $90 million, equivalent to roughly 25 million UNI at current prices, or more than 4% of circulating supply a year.

Robinhood Chain launched on July 1 with the goal of bringing real-world assets on-chain. It quickly attracted users, reaching 194,000 daily active users in its first week.

Robinhood's expansion in crypto is also drawing attention from Wall Street. Bernstein analysts recently raised their price target on the stock to $160, citing tokenization and prediction markets as key growth drivers. Robinhood shares have climbed about 30% over the past six months.