Uniswap's deployment on Robinhood Chain has moved beyond its initial launch phase, with liquidity continuing to build rather than fade. The chain's total value locked (TVL) remained modest throughout June but accelerated during July's mainnet launch, pushing past $80 million.
TVL has since climbed to approximately $127 million, representing an 87% gain since the start of July and a 55% increase in a single week. The Robinhood Chain now hosts over $700 million in DeFi assets overall, giving Uniswap access to a growing capital base.
Trading Activity Reaches New Highs
The increased liquidity has translated into measurable trading activity. Daily volumes for stock tokens traded through Robinhood Chain have reached $130 million, approximately ten times higher than the previous month. According to Token Terminal data, nearly 50% of volume comes from Uniswap V3, with the remaining half from Uniswap V4.
Deeper liquidity pools allow traders to execute larger transactions with reduced price impact, making Uniswap more practical for active trading. This distribution between Uniswap versions suggests the platform can support larger markets without depending on a single deployment.
UNI Price Action at Critical Juncture
After declining to $3.20, UNI recovered to $4.60 and has since climbed further. At the time of reporting, UNI traded at $4.882, up 11% in 24 hours. The relative strength index (RSI) stood at 68.14, indicating buyers remain in control without reaching previous momentum extremes.
A close above $5.00 would confirm a breakout from UNI's four-month trading range. Conversely, a rejection above $4.60 and a loss of that support level could indicate the breakout is not sustainable, potentially triggering a retracement toward the $4.00 support zone.
