Uniswap has surpassed $1 billion in cumulative trading volume on Robinhood Chain just nine days after the chain's public mainnet launch. Daily active traders on the decentralized exchange exceeded 220,000 during that period, according to data from the protocol.
Rapid growth on a new chain
The volume milestone came quickly: Uniswap recorded about $250 million in trades during its first week on Robinhood Chain, then saw a single-day spike to roughly $500 million on July 8. That day's activity ranked second only to Ethereum mainnet among chains where Uniswap operates. Total value locked on Uniswap reached $30 million by July 10, while the broader chain's TVL cleared $106 million.
All four Uniswap protocol versions—v2, v3, v4, and UniswapX—were live from day one as the primary automated market maker. The trading surge was fueled by tokenized stocks and memecoins, not a single catalyst. Robinhood Chain, built on Arbitrum's Layer 2 technology, offers 100-millisecond block times.
The UNI governance token rose as much as 14% during the volume surge. The ability to swap between memecoins and tokenized equities on the same DEX interface could blur lines between traditional brokerages and decentralized finance, drawing regulatory attention. The chain's $106 million TVL remains modest compared to established L2s like Arbitrum One or Base, which hold billions.