Robinhood Chain Now Accounts For More Than Half Of Uniswap Revenue

TL;DR: Uniswap generated approximately $14.81 million in protocol revenue during September, with Robinhood Chain contributing about 53% of the total. Tokenized-stock trading is changing where the exchange earns its fees. Uniswap’s strongest reported revenue month has come from an unexpected direction: a relatively new network associated with a mainstream brokerage. September protocol revenue reached approximately $14.81 million, according to figures discussed by Token Terminal and reported on October 17. Robinhood Chain, which launched in July, accounted for roughly 53% of that amount. That works out to nearly $7.9 million from one network alone. For a decentralized exchange better known for swapping crypto tokens, the source of the growth matters as much as the total.

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