Average daily income climbed from $118,000 as Robinhood Chain generated more than half the revenue, though the model remains tied to meme trading and gas-fee subsidies expiring in September.
Uniswap has begun generating materially higher protocol income after activating the v4 fee switch. Average daily revenue rose from $118,000 to $318,000, while UNI token burns accelerated at the same time. Robinhood Chain accounted for more than half of the revenue increase, highlighting how much of the recent gain is concentrated in one source. The current traffic base is still heavily dependent on meme-token trading and gas-fee subsidies, however, creating a key durability question for the model. With those subsidies set to expire in September, whether revenue can hold at current levels may become the first real test of Uniswap’s new monetization approach.