Uniswap founder Hayden Adams said that the protocol collects about $5.2 million in fees daily. DefiLlama data confirms this estimate: in the past 24 hours, users paid $5.16 million.
The main share of this volume came from the Robinhood Chain network, which launched just two weeks ago. At the same time, an important vote is taking place in the community. If the proposal is approved, the UNI burn mechanism could also be extended to Uniswap v4 pools.
Why Is Robinhood Chain So Important for Uniswap?
Hayden Adams wrote on X that Uniswap generates more than $5 million in fees every day. Most of this amount comes from the new Robinhood network, which launched on July 1.
Out of the $5.16 million in fees collected by Uniswap in a day, about $4.38 million came from Robinhood Chain. For comparison, Ethereum, which was previously the protocol’s main market, brought in only about $296,000. The Base network was very close with $288,000.
See also: Robinhood Chain Sets Trading Volume Record Amid Cash Cat Hype
Robinhood Chain is built on Arbitrum technology. After the launch, activity on the network surged. Now more than 220,000 users trade there daily, and the total transaction volume in just nine days reached $1 billion.
For UNI holders, this could mean an acceleration of token burning. The community is currently voting to extend the fee and burn mechanism to v4 pools.
Uniswap became the main automated market maker of the new network from day one. At launch, v2, v3, v4, and UniswapX products were immediately available. In seven days, Robinhood Chain brought in $10.98 million out of a total of $20.1 million in Uniswap fees for the week.
Currently, UNI is trading at about $3.62. Since the beginning of July, the token has risen by about 35% after falling to $2.70. However, its price is still about 92% below its all-time high of $44.97, set in May 2021.
Uniswap operates in 47 networks. In the past 24 hours, trading volume on the protocol’s decentralized exchanges reached $2.112 billion. This is more than five times higher than PancakeSwap, which ranks second.
Adams also stated that in terms of fee volume, Uniswap is second only to the issuers of the largest stablecoins USDC and USDT.
At the same time, collected fees should not be confused with the protocol’s own revenue. According to DefiLlama, Uniswap revenue for the day was only $73,454. Almost all of the $5.2 million went to liquidity providers, not the project’s treasury or UNI holders.
How Will the Vote Affect Users?
Uniswap Labs is holding a vote on Snapshot from July 7 to 12. The community is deciding whether to extend the fee and token burn mechanism to v4 pools.
See also: Arbitrum Rises 19% Amid Robinhood Chain Hype
This system is part of the UNIfication program, which was approved in December 2025. To claim a share of the protocol’s fees, a participant must first burn an equivalent value of UNI. After that, the tokens are permanently removed from circulation.
Preliminary results show that more than 93% of participants support the proposal. About 13.9 million UNI have already been cast in favor. If the vote is successful, a mandatory on-chain vote could take place the week starting July 13.
The proposal concerns three groups of v4 pools in 11 networks, including Ethereum, Arbitrum and Polygon. If approved, the UNI burn mechanism will cover more platforms than ever before.
Last month, Uniswap set a record by burning 186,000 UNI in a single day. The previous high was 134,000 tokens.
However, liquidity providers are already warning about possible consequences. The protocol fee is deducted from their earnings, so returns in such pools will be slightly lower than in those where the extra fee does not apply. Some participants fear that this could cause liquidity to move to other platforms.
