Uniswap generated its highest monthly protocol revenue in September, and Robinhood Chain supplied 53% of it. Daily transactions on the network had fallen by more than 40% by early October.
The decentralized exchange Uniswap generated $14.81 million in protocol revenue in September 2026. Robinhood Chain, which went live on July 1, 2026, accounted for 53% of that total.
Tokenized stocks drive the record
Token Terminal released September figures based on on-chain data in early October 2026. Its numbers put Uniswap's protocol revenue at approximately $14.7 million, the highest monthly figure the protocol has recorded to date.
Robinhood Chain's share works out to roughly $7.8 million. In other words, that one network out-earned all of Uniswap's other deployments combined. Trading in tokenized stocks and other assets powered the surge.
Fees run above the global average
Uniswap's average fee capture on Robinhood Chain sits at 0.465% per trade. Across Uniswap globally, the average is 0.214%.
On September 1, 2026, Robinhood Chain processed $1.95 billion in total daily volume, and $1.75 billion of that ran through Uniswap's liquidity pools.
How Uniswap got onto the chain
Robinhood Chain is built on Arbitrum, one of the established Layer-2 networks that sit on top of Ethereum. Uniswap was integrated as the chain's primary automated market maker from day one and deployed v2, v3, v4 and UniswapX at launch.
Fee collection did not begin immediately, however. Uniswap started collecting protocol fees on July 27, 2026, nearly four weeks after launch.
Activity cools in October
By early October 2026, daily transactions on Robinhood Chain had fallen by more than 40%. The source describes that as a moderation in trading activity after September's surge.
The same concentration that powered the record could just as easily drag the next month's figures lower.
Source: Crypto Briefing
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