Robinhood Chain Approaches $1B in Locked Value as Uniswap Fuels Growth

Robinhood’s blockchain has grown to nearly $1 billion in total value locked, marking the fastest such growth of any blockchain to date, according to Standard Chartered analyst Geoffrey Kendrick. Nearly all of Robinhood Chain’s liquidity is being supplied through Uniswap V2, V3 and V4, giving the brokerage access to established decentralized finance infrastructure without having to build liquidity on its own.

UNI Token Burns Accelerate

The partnership is also reshaping Uniswap’s token economics. Standard Chartered noted that protocol fees generated through Robinhood are now the top source of UNI token burns. The burn rate has roughly doubled since a Robinhood-linked fee switch went live on July 27, now running at an annualized pace of about $90 million. At UNI’s current price near $3.50, that equals roughly 25 million tokens, or just over 4% of circulating supply, burned each year.

Strong Early Adoption

Robinhood Chain launched July 1 with a focus on bringing real-world assets onchain. Adoption picked up quickly, with the network reaching 194,000 daily active users in its first week.

Broader Crypto Push Lifts Stock

Robinhood Chain is part of the company’s wider expansion into crypto, tokenization and prediction markets. Bernstein analysts raised their price target on Robinhood stock to $160 per share, citing tokenization and prediction markets as key growth drivers. Shares rose more than 4% Thursday, extending six-month gains to nearly 30%. The rally comes even as Robinhood’s crypto trading volumes and revenue declined during the second quarter, despite the company posting record overall revenue and earnings.