UNI is trading around $6.31, up 16.5% over 24 hours, after Robinhood Chain’s decentralized-exchange volume reached a daily record above $1.3 billion, according to CoinGecko. Uniswap serves as the network’s primary automated market maker (a liquidity-based trading protocol) and collects fees from that activity, linking the token’s performance to growth on the chain. UNI traded between $5.58 and $6.37 over 24 hours, gained nearly 46% for the week and more than 51% for the month, but remains down about 35% for the year and roughly 86% below its $44.92 all-time high set in May 2021. It also rose about 12% against Bitcoin and nearly 13% against Ethereum. UNI’s 24-hour trading volume reached $1.17 billion, a 95% increase from the previous day. Robinhood Chain’s daily DEX volume had already reached a record $875 million on August 30 before exceeding $1.3 billion by today, nearly 50% higher within three days. Arkham separately reported $1.49 billion in DEX volume and 5.52 million daily transactions, saying the chain is generating more chain fees than Solana, Base or Ethereum. Activity includes meme coins traded directly against tokenized stocks, such as Artificial Inu, which has a $184 million market cap and trades against a tokenized version of Nvidia stock rather than a stablecoin or the network’s native asset. Uniswap’s role also expanded through Pools.trade, a token launchpad launched on Robinhood Chain early in August. The platform offers four-hour Crowd Launch and Instant Launch options before locking liquidity into Uniswap v4 pools. Its rollout coincided with PONS falling nearly 14% in 24 hours and almost 48% over the following week. Despite its trading role, Uniswap trails GMGN and Pons in direct application fee capture, with $307,000 versus $1.11 million and $930,000, respectively, according to Arkham. Robinhood’s total value locked (TVL), or assets deposited in the network’s protocols, reached $740 million, up 23% in a week, on a chain launched July 1.