Let’s talk about the UNI token! (1) Strong trading volume on Robinhood Chain Uniswap is currently the absolute leader among DEXs on RH, with a daily trading volume reaching $770 million. Although trading volume isn’t directly tied to UNI burn rates, higher trading volume generally means more protocol fees, which ultimately helps drive UNI burns. (2) UNI’s burn mechanism brings a qualitative change to the token Uniswap’s protocol fees go into the TokenJar. Anyone who wants to withdraw ETH, stablecoins, or other assets from it must burn an equivalent amount of UNI via Firepit. Higher trading volume → More protocol fees → More assets in TokenJar → More UNI burned RH is currently the main driver, burning approximately 880,000 UNI in 30 days, worth about $4.48 million. Key metrics to watch next: 1. Uniswap’s trading volume on Robinhood Chain 2. UNI’s daily and monthly actual burn numbers But just to add, UNI is still no match for HYPE. There’s an annual inflation of 20 million UNI for ecosystem expansion, and the amount of tokens burned is relatively small. So, it’s more about riding the sentiment wave rather than a true flywheel effect. Net buybacks are close to zero, or even slightly negative.