Robinhood Chain drives Uniswap daily transaction fees to soar to $5.2 million

Uniswap founder revealed: Robinhood chain contributes the most to the daily fee of US$5.2 million.

Uniswap founder Hayden Adams revealed that the company charges approximately US$5.2 million per day. Data from DefiLlama showed that the figure was $5.16 million in the past 24 hours. The surge is mainly due to Robinhood's blockchain network, which has been launched only two weeks ago, and which currently contributes most of the fee revenue. At the same time, a key governance vote is underway that could extend the UNI token destruction mechanism to v4 pools.

Why is the Robinhood chain so important to Uniswap?

Uniswap CEO Hayden Adams posted on the X platform that its platform's daily fee revenue has exceeded US$5 million, most of which comes from Robinhood's new blockchain launched on July 1. Of the $5.16 million in fees collected by Uniswap in the past 24 hours, DefiLlama data shows that $4.38 million came from the Robinhood chain. In contrast, Ethereum, which was previously the core market of the agreement, only contributed approximately US$296,000, followed by the Base chain, contributing approximately US$288,000.

The Robinhood chain built based on Arbitrum technology was launched on July 1. Since then, trading activity in the chain has surged, with more than 220,000 daily traders and the cumulative trading volume exceeding US$1 billion in just nine days. For UNI token holders, if the current "snapshot" vote to extend the fee and destruction mechanism to the v4 pool passes, it may mean more tokens will be destroyed.

Uniswap has been integrated as a mainstream automated market maker since its first day of launch. Its v2, v3, v4 and UniswapX products are all deployed simultaneously at startup. In the past seven days, Uniswap's total weekly fee was US$20.1 million, of which the Robinhood chain contributed US$10.98 million.

UNI tokens are currently trading at approximately US$3.62, up approximately 35% from a low of approximately US$2.70 in early July. However, compared with the all-time high of $44.97 set in May 2021, it still fell by about 92%.

Across all 47 chains operated by Uniswap, its 24-hour decentralized exchange transaction volume reaches US$2.112 billion, more than five times that of PancakeSwap, the second-ranked company. Hayden Adams, CEO of the company, posted on the X platform that the revenue from the agreement has exceeded that of all crypto projects except USDC and USDT stablecoin issuers.

However, it should be noted that these "handling fees" are not agreement income. According to DefiLlama data, Uniswap's 24-hour revenue is only US$73,454. Most of the $5.2 million went to liquidity providers rather than directly to treasury or token holders.

How will snapshot voting affect users?

Uniswap Labs is conducting a "snapshot" vote from July 7 to 12 on whether to extend fees and destruction mechanisms to v4 pools. The mechanism, which is part of the Unification plan approved in December 2025, requires anyone wishing to collect fees from the agreement to first destroy the equivalent value of UNI tokens. Destroyed tokens will be permanently withdrawn from circulation.

Early snapshot results showed that the support rate exceeded 93%, with approximately 13.9 million UNIs voting in favor. If the vote is approved, a binding on-chain vote is expected to be held in the week of July 13. The proposal would activate a fee mechanism in three v4 pool series across 11 different blockchain networks, including Ethereum, Arbitrum and Polygon. This expansion will bring the destruction engine to the largest coverage to date.

Uniswap set a record for destroying 186,000 UNI pieces in a single day last month, surpassing the previous record of 134,000 pieces per day. However, liquidity providers have warned that the v4 fee switch could prompt them to exit. Agreement fees are drawn from the fees earned by the liquidity provider, so a pool of enablers will provide slightly lower returns than the zero-fee pool.