Robinhood Chain has reached nearly $1 billion in total value locked (TVL), marking the fastest growth of any blockchain according to Standard Chartered. The integration of Uniswap V2, V3 and V4 provides Robinhood Chain with established DeFi infrastructure without having to build liquidity from scratch. The UNI token burn mechanism has accelerated significantly, reaching an annualized pace of approximately $90 million, translating to about 25 million UNI tokens burned annually, representing just over 4% of the circulating supply. Robinhood Chain launched on July 1 and reached 194,000 daily active users during its first week. Robinhood’s expansion beyond traditional stock trading coincides with HOOD shares rising more than 4%, extending six-month gains to nearly 30%.
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