UNI rallies from $2.50 to $9 on buyback burns and Robinhood Chain volumes
- —UNI rose from about $2.50 in June to $9
- —Buyback-and-burn funded by fees exceeds $250 million a year
- —Robinhood Chain weekly DEX volume hit a record $10.47 billion
- —184,000 UNI worth $1.15 million burned in a day, 150,000 from Robinhood Chain
Why it matters: UNI's rally hinges on Robinhood Chain volumes; if memecoin and tokenized-stock interest fades, the buyback and burn mechanism will slow.
Source: BTC-ECHO