[Standard Chartered: Robinhood Chain TVL Approaches $1 Billion, Driving Uniswap Token Burn]
According to a report by Cointelegraph, Standard Chartered analyst Geoffrey Kendrick noted that the total value locked (TVL) of Robinhood Chain is approaching $1 billion, with its liquidity needs being met by Uniswap V2, V3, and V4 versions. Since the activation of the fee mechanism on July 27, the annualized burn rate of UNI tokens is approximately $90 million. At a price of $3.5 per token, this translates to an annual burn of about 25 million UNI, accounting for over 4% of the circulating supply. Robinhood Chain went live on July 1, with 194,000 daily active users in its first week.
