Uniswap hits $5.2M in daily fees as Robinhood Chain drives the surge

Uniswap’s founder, Hayden Adams, has shared that the company collects roughly $5.2 million in fees per day. Data from DefiLlama backs the figure at $5.16 million over the past 24 hours. 

The surge is largely thanks to Robinhood’s two-week-old blockchain, which now accounts for most of that fee flow. Meanwhile, a key governance vote is underway that could extend UNI token burns to v4 pools.

Why is Robinhood Chain so important for Uniswap?

Uniswap’s CEO, Hayden Adams, has revealed through a post on X that it is raking in over $5 million in fees every day, with Robinhood’s new blockchain, which launched on July 1, accounting for most of that money. 

Of the $5.16 million in fees Uniswap collected over 24 hours, DefiLlama attributes $4.38 million to Robinhood Chain. In comparison, Ethereum, which used to be the protocol’s core market, contributed only about $296,000. Base was close behind at roughly $288,000.

Robinhood Chain, built on Arbitrum’s technology, went live on July 1. The trading activity on the blockchain has exploded since then, with more than 220,000 daily traders and cumulative volume hitting $1 billion in just nine days. 

For UNI token holders, this could mean more token burns if a current “snapshot” vote regarding extending its fee-and-burn mechanism to v4 pools passes. 

Uniswap was integrated as the main automated market maker from day one. Its v2, v3, v4, and UniswapX products were all deployed at launch. Over seven days, Robinhood Chain accounts for $10.98 million of Uniswap’s $20.1 million total weekly fees.

UNI is trading around $3.62, up roughly 35% from its early-July low of about $2.70. However, it remains about 92% below its all-time high of $44.97 reached in May 2021.

Across all 47 chains it operates on, Uniswap logged $2.112 billion in 24-hour DEX volume, more than five times the next-largest exchange, PancakeSwap.

The company’s CEO, Hayden Adams, posted on X that the protocol was out-earning every crypto project except the stablecoin issuers behind USDC and USDT. 

However, it is important to note that these “fees” are not the same as protocol income. DefiLlama shows Uniswap’s 24-hour revenue at just $73,454. The bulk of the $5.2 million flows to liquidity providers, not to the treasury or token holders directly. 

How will the snapshot vote affect users? 

Cryptopolitan previously reported that Uniswap Labs is running a “Snapshot” vote from July 7th to the 12th. The vote is regarding whether or not to extend its fee-and-burn mechanism to v4 pools.

This mechanism is part of the UNIfication program approved in December 2025 that requires anyone who wants to claim fees from the protocol to first burn an equivalent value of UNI tokens. The burned tokens are permanently removed from circulation.

Early Snapshot results indicate over 93% approval, with about 13.9 million UNI votes in favor. If passed, binding on-chain votes are expected the week of July 13.

The proposal would activate fees on three families of v4 pools across 11 different blockchain networks, including Ethereum, Arbitrum, and Polygon. This expansion would broaden the burn engine to its largest scope yet. 

Uniswap holds a record of burning 186,000 UNI in a single day last month, surpassing the previous daily high of 134,000.

However, liquidity providers have warned that the v4 fee switch could drive them away. Protocol fees are taken from the amount that LPs earn, so fee-enabled pools will offer slightly lower returns than those with zero fees.

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