The popularity of Robinhood Chain is far from over.

On September 4, the daily DEX trading volume of this Layer 2, launched in July, broke through 3 billion dollars for the first time, with Uniswap at one point capturing about 98% of the trading volume.

What is more noteworthy is that on the same day Uniswap burned approximately 184,000 UNI worth about 1.15 million dollars, with around 150,000 UNI associated with trading activities on Robinhood Chain.

While the market is still discussing "UNI deflation," the speculative heat within Robinhood Chain also began to spill over: assets related to Launchpad like PONS surged rapidly, and network fees and DEX trading volumes climbed concurrently.

This is no longer just a one-day surge; it is forming a new funding chain:

RWA trading + Meme speculation → DEX transactions → Uniswap fees → UNI Burn → Strengthening deflation narrative.

First, let’s look at the summary

Robinhood Chain's daily DEX trading volume has surpassed 3 billion dollars.

Uniswap holds an absolute dominance in on-chain trading.

On September 4, UNI burned approximately 184,000, valued at 1.15 million dollars.

PONS is driving an increase in on-chain speculative trading, with Robinhood Chain's daily fees peaking at 6 million dollars.

Going forward, the key question is not "whether there is trading volume," but whether high trading can be sustained.

Look at UNI’s Burn data, while continuing to observe the activity of RWA, Meme, and new pools on Robinhood Chain Why has the trading volume suddenly surged?

The initial biggest imaginative space for Robinhood Chain was to connect traditional Robinhood financial users with on-chain trading.

Now, what is truly generating trading volume is not just tokenized stocks.

RWA + Meme + Launchpad are forming three different trading demands.

On one hand, tokenized stocks like NVDA, SPY, and GME provide relatively stable trading targets on-chain; on the other hand, platforms like PONS continue to launch new Meme assets, generating a large amount of short-term speculative trading.

Data shows that on September 4, Robinhood Chain's DEX trading volume exceeded 3 billion dollars, and in the on-chain tracking data from September 7, tokenized stocks and new Meme pools remained the primary sources of trading.

Therefore, the core advantage of this chain is not a particular hot token, but its ability to continuously generate trading asset supply.

 

Why is PONS worth paying attention to?

PONS may be one of the most notable variables in this round of Robinhood Chain activity.

It is essentially a Launchpad: users can quickly create and trade fixed supply tokens on Robinhood Chain.

Data on-chain shows that PONS has created over 200,000 tokens from August to early September, with some periods seeing nearly 20,000 new tokens added daily; a significant amount of trading then flows into Uniswap.

Even more astonishing, around September 4, Robinhood Chain's daily fees reached 6 million dollars, with about 25 million dollars in fees over the past seven days, a significant increase from the previous week’s 1.4 million dollars.

This indicates that PONS is bringing more than just a Meme coin trend.

It is becoming an important source of trading activity for Robinhood Chain.

But the issue is also quite clear:

High trading volume does not equal high-quality funds.

Many tokens in the PONS ecosystem have a very short lifecycle and experience huge price fluctuations. Earlier on-chain research showed that a considerable proportion of wallets participating in related token trading eventually ended up in a losing position.

Therefore, PONS is more suitable to be viewed as a high-risk fund thermometer, rather than as a fundamentally sound asset in the traditional sense.

The real highlight for UNI: Can Burn continue?

This may be the most important part of the entire story.

Previously, the market only saw "high trading volume for Robinhood Chain."

Now, the trading volume is starting to map directly to UNI's burn through Uniswap's fee mechanism.

On September 4, Uniswap burned 184,000 UNI, worth about 1.15 million dollars, marking the first daily Burn exceeding 1 million dollars since this mechanism was enabled; about 150,000 UNI came from activities related to Robinhood Chain.

This has led to a formula worth tracking continuously:

Robinhood Chain trading volume ↑
→ Uniswap transaction fees ↑
→ UNI Burn ↑
→ Reduction in UNI circulating supply
→ Market reassesses UNI's value capture ability

But there is also a key premise here:

Trading volume must be sustained.

If the 3 billion dollars is just a one-time peak driven by Meme enthusiasm, then UNI Burn may also quickly decline along with trading heat.

Therefore, instead of just focusing on the UNI price, it is better to simultaneously observe:

Robinhood Chain daily DEX trading volume + Uniswap share + daily UNI Burn + on-chain fees.

If these four data points can continue to strengthen together, the deflation narrative would be more persuasive.

What will the next batch of funds look for?

There has already been significant asset differentiation within Robinhood Chain.

PONS belongs to high-volatility Launchpad assets, making it worth watching its trading volume, fund flows, and new token issuance speed, but it is not advisable to simply interpret rising prices as improvements in the ecosystem's fundamentals.

At the same time, other DeFi and infrastructure tokens are also beginning to rotate, including RAY, VVV, ATOM, DOT, among others.

Some of these trends correspond to their own repurchase, Burn, RWA, or stablecoin narratives, but the degree of direct relevance to Robinhood Chain varies.

Therefore, what is more worth paying attention to is not "which token will rise next," but:

Are funds truly chasing new trading scenarios, or are they just looking for the next short-term hotspot?

The real verification point has arrived

This round of activities for Robinhood Chain has completed its first phase:

From new chain → high trading volume → high fees → UNI Burn → ecosystem token diffusion.

Next, it enters the verification phase.

If RWA trading can remain active while platforms like PONS continue to contribute stable on-chain trading, Robinhood Chain may gradually form its own liquidity and trading ecosystem.

Conversely, if trading volume quickly declines, UNI Burn decreases simultaneously, and high-volatility assets like PONS retreat, then the current "trading volume-deflation-ecosystem prosperity" narrative may be repriced.

Therefore, for large funds, what is most worth watching now is not how much a particular token has risen today, but:

How long can Robinhood Chain's trading volume be sustained, and ultimately, who will this trading volume create value for?

 

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