Uniswap burns 178,000 UNI worth more than $1.11 million

  • Uniswap's official burn mechanism destroyed 178,000 UNI.
  • Robinhood Chain contributed 144,000 UNI, accounting for more than 80% of total burns.
  • Uniswap proposed extending fees and UNI burns to Robinhood Chain on July 15.

Uniswap's official burn mechanism destroyed 178,000 UNI worth more than $1.11 million in the latest daily data cited on Sept. 5. Robinhood Chain contributed 144,000 UNI, or more than 80% of the total, well ahead of Ethereum, Base and other networks. The result follows a July 15 governance proposal to extend Uniswap protocol-fee collection and UNI burning to Robinhood Chain across v2, v3 and v4. Under the proposal, fees generated on the network flow into its TokenJar contract, while Searchers can receive fees by bridging UNI back to Ethereum mainnet and sending it to the burn address.

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