In September 2026, the decentralized exchange Uniswap achieved a record monthly protocol revenue of $14.81 million. A significant portion of this growth, approximately 53% or $7.8 million, originated from the Robinhood Chain, a Layer-2 network launched on July 1, 2026.
The primary driver behind this revenue surge was the trading of tokenized stocks, which track the value of traditional equities. On the Robinhood Chain, Uniswap captures an average fee of 0.465% per trade, which is notably higher than the global average of 0.214% across all other Uniswap deployments.
Data from September 1, 2026, shows that the Robinhood Chain processed $1.95 billion in total daily volume, with $1.75 billion executed through Uniswap liquidity pools. The network is built on Arbitrum and has featured the full Uniswap product suite, including v2, v3, v4, and UniswapX, since its inception.
Despite the record performance, the network faces potential volatility. By early October 2026, daily transaction volume on the Robinhood Chain had declined by more than 40%. This trend highlights the risks of revenue concentration, as the protocol remains heavily dependent on a single network for over half of its income.
