Uniswap Burn Rate Plummets to Zero as Robinhood Chain Struggles With Activity
Photo: U.Today
Uniswap's UNI burn on Robinhood Chain has almost dried up . Over the past few days, the chain has burned only approximately 4,000 UNI per day. That is the lowest level since the burn mechanism launched on Robinhood Chain. The slowdown is not confined to one chain. Across all chains, daily UNI burns have recently sat between 12,000 and 14,000 tokens. That is an all-time low for the UNI burn. Robinhood Chain's own data shows how quickly things changed. Burns started in late July at roughly 20,000 to 60,000 UNI per day.
Source: U.Today
