Robinhood Chain Now Accounts For More Than Half Of Uniswap Revenue

Uniswap generated approximately $14.81 million in protocol revenue during September, with Robinhood Chain contributing about 53% of the total, nearly $7.9 million. Tokenized-stock trading is driving the growth, as the decentralized exchange earns fees from on-chain representations of traditional assets. However, these products differ in legal rights and issuer structures, and are not equivalent to holding underlying shares.