Robinhood Chain nears $1B TVL as Uniswap drives liquidity: Standard Chartered
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Standard Chartered: The market has severely underestimated the potential of high-quality Robinhood and Uniswap partnerships.
According to Odaily Odaily, Standard Chartered analyst Geoffrey Kendrick stated that the market has severely underestimated the potential for partnerships between Uniswap and high-quality, trusted DeFi protocols such as Robinhood. Kendrick stated that he expects to see more such collaborations in the DeFi space in the coming quarters, particularly involving Uniswap. (The Block)
Uniswap has proposed extending the UNIFication burn program to v4 liquidity pools.
PANews reported on July 8th that, according to Cryptopolitan, Uniswap Labs has proposed extending the UNIfication burn program to Uniswap v4 liquidity pools, requesting UNI holders' approval to charge protocol fees on some v4 pools and use a portion of the revenue to buy back and burn UNI tokens. A snapshot vote will be held from July 7th to 12th, lasting five days. The UNIfication program currently runs on 11 chains, increasing token value by distributing protocol revenue to stakers and burning tokens. If the v4 extension proposal passes, it will further strengthen the deflationary mechanism of the UNI token and may attract more liquidity to the v4 version. The community response has been generally positive, but some smaller liquidity providers are concerned that increased protocol fees may affect their yields.
Standard Chartered is again shill on Uniswap, and UNI's 24-hour gains have widened to 13.4%.
According to BlockBeats, on July 3, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, stated that the market is severely underestimating the potential of collaborations between Robinhood and high-quality DeFi protocols such as Uniswap, and expects more similar collaborations to materialize in the coming quarters, especially those centered around Uniswap. According to HTX market data, UNI's 24-hour gains have widened to 13.4%, currently trading at $3.17. In June, two research reports from Standard Chartered Bank triggered a brief period of FOMO (Fear of Missing Out) for Altcoin UNI and AAVE. On June 16th, Standard Chartered's report covered Uniswap for the first time, predicting that its UNI token could rise 40 times to $100 by the end of 2030. A week later, Standard Chartered again shill another DeFi token, AAVE, with Geoff Kendrick predicting that AAVE could rise to $3,500 by the end of 2030. On July 1st, Standard Chartered first rated Morpho, predicting that the project's token price would rise 33 times to $60 by the end of 2030.
Robinhood and Arbitrum have partnered to support the launch of their on-chain trading platform Rialto, which supports cryptocurrencies, stocks, and ETFs.
BlockBeats reported on July 3rd that Robinhood Crypto, Arbitrum, and Offchain Labs have partnered to build Rialto, a new on-chain spot trading platform aiming to "rebuild the on-chain capital market." Driven by a PropAMM (Proprietary Market Maker), Rialto focuses on the integration of crypto and traditional finance, supporting spot trading of various assets including cryptocurrencies, stocks, ETFs, commodities, and pre-IPO assets. Self-custodied equity can be directly used as collateral for third-party lending, stablecoins can flow into broad-based indices in real time, and pre-IPO assets can be traded 24/7. Rialto will operate its own PropAMM, "Rivo Altus," to provide basic liquidity, while also introducing other market makers and institutional liquidity providers. Initially, it will list over 90 Robinhood tokenized stocks and mainstream crypto assets.
Sky has been confirmed as the provider of USDS liquidity for FX Layer, the stablecoin exchange system for Spark and Uniswap.
According to Foresight News , Sky (formerly MakerDAO), in conjunction with Spark and Uniswap, announced that approximately $150 million in liquidity migrated from Sky's USDS ecosystem to its previously launched stablecoin FX Layer project. USDS serves as the initial pricing asset within the network, providing basic liquidity for the USDS/USDT and USDS/PYUSD pools. The three parties stated that this is the first large-scale implementation of this liquidity framework, with a long-term vision of enabling more issuers (such as PayPal's continuously expanding PYUSD, Ripple's RLUSD, and institutions like Robinhood and Revolut exploring stablecoin businesses) to access this shared infrastructure, rather than building their own independent liquidity networks. They also aim to explore ways to allow idle funds to generate returns within the governance framework even when not participating in market making. Previously, on June 25, Spark and Uniswap announced the joint launch of the stablecoin exchange system FX Layer, which aims to provide shared liquidity infrastructure for multiple stablecoin issuers such as banks, fintech companies, and payment companies, avoiding the need for them to build their own liquidity pools, market makers, and inventory management. Spark, as the orchestration layer, determines how liquidity is allocated and coordinated among different stablecoins, while Uniswap v4 provides a programmable AMM architecture (a DualPool hook based on hooks mechanism) to execute specific transaction paths.
Robinhood Chain's stablecoin size grew by 155% in 7 days, accounting for over 90% of the chain's total value (TVS).
According to BlockBeats, on July 8th, the Robinhood Chain stablecoin's assets under management grew by 155% over the past 7 days, reaching $246.97 million. Currently, stablecoins account for 93% of the chain's total value secured (TVS) of $266.35 million, while the network's total locked value increased by 172% during the same period. Data shows that of the $266.35 million in assets on the Robinhood Chain, approximately $212.5 million is natively issued assets, while another $53.85 million was transferred in via cross-chain bridges over the past week.