Robinhood Chain Now Accounts For More Than Half Of Uniswap Revenue
Summary
Uniswap generated about $14.81 million in protocol revenue in September, its strongest reported month, with Robinhood Chain contributing roughly 53%—nearly $7.9 million. The network, launched in July, has brought trading in tokenized stocks and other traditional-asset-linked products, adding a source of fees beyond crypto-token swaps. These tokens may not confer the same rights as directly held shares. The revenue concentration also creates risk: changes in Robinhood Chain activity or incentives could significantly affect Uniswap’s results. Whether this revenue mix persists depends on recurring demand rather than a single strong month.
