Robinhood Chain has rapidly grown to 863,800 tokenized-stock holders in two months, driving daily trading volumes between $100M and $130M. This surge increased Robinhood Chain's fees and revenue, with daily fees hitting $6M and revenue $5.4M on September 4. Uniswap, benefiting from this activity, saw daily fees reach $12.5M and revenue over $1M, pushing daily UNI token burns to a record $1.15M, mainly driven by Robinhood Chain's trading volume. Despite strong burns, UNI faces selling pressure but maintains a bullish market structure, suggesting potential to rise to $7 if it holds support at $6. The burn mechanism reduces supply, but price impact depends on demand and market conditions.
Arbitrum surged 45.95% to $0.1928, leading the day's top crypto gainers due to increased investor confidence in Ethereum layer-2 scaling solutions that reduce costs and improve speed. Other notable gainers included Pons, Uniswap, PancakeSwap, and Eth...
Arthur Hayes, co-founder of BitMEX, purchased 244,406 UNI tokens worth $1.73 million through an OTC deal with Flowdesk, avoiding market impact. This sizable buy is notable as there is no current governance proposal or upgrade driving the purchase, in...
Bitwise CIO Matt Hougan highlights three main crypto investment themes: Bitcoin as a hedge against currency debasement, Zcash for privacy, and a decade-long tokenization trend involving assets like ETH, SOL, and UNI. He predicts Bitcoin will break it...
Robinhood Chain reached a record $3 billion in daily decentralized exchange (DEX) volume, with Uniswap burning a record $1.15 million worth of UNI tokens as a result. Launched just over two months ago, Robinhood Chain has processed $34.6 billion in D...
Binance Coin (BNB) is maintaining a strong upward trend, trading around $713 after surpassing key moving averages, but faces resistance near $730 with potential short-term correction. Uniswap (UNI) has doubled in value recently, reaching over $6, but...
