Robinhood Chain is here, and Uniswap is the primary public AMM from day one
Uniswap Protocol and UniswapX are live alongside support in Uniswap Web App, Wallet, and API
Swap, provide liquidity, and explore the chain built for real-world assets
JUST IN: Daily active traders on Uniswap's Robinhood Chain deployment surpassed 220k, up ~10x in the past week.
Over the same period, cumulative trading volume for Uniswap on Robinhood Chain reached ~$1 billion.
@Uniswap 🤝 @RobinhoodCrypto
Robinhood chain is going absolutely crazy
$500m in 24hr volume on Uniswap - that’s 10x what it did yesterday
And more than any chain other than Ethereum mainnet!
This is a great integration that highlights the power of DeFi composability.
Any pool paired with USDS can now have access to 5 billion in USDC liquidity within the Uniswap router.
Stablecoin FX Layer
Uniswap now routes through LitePSM
That means any route that needs a DAI, USDS, or USDC leg can clear that hop at parity
Sky's Peg Stability Module offers hundreds of millions of dollars in depth with effectively no price impact
Uniswap now routes through LitePSM
That means any route that needs a DAI, USDS, or USDC leg can clear that hop at parity
Sky's Peg Stability Module offers hundreds of millions of dollars in depth with effectively no price impact
Spark, @Uniswap and @SkyEcosystem have taken the first step toward a Stablecoin FX Layer.
Stablecoin issuance is no longer the hard part. Coordination is. Capital already exists, but it sits across isolated pools, venues and ecosystems where it cannot be used efficiently.
The
Introducing the Stablecoin FX Layer.
Every bank, fintech and payment provider is launching stablecoins. But every new stablecoin fragments liquidity.
Today, Spark introduces the Stablecoin FX Layer, built on @Uniswap v4, a shared liquidity infrastructure that allows stablecoins
DualPool hook will allow @sparkdotfi to earn on both active and idle assets
→ Assets are parked in a vault earning yield
→ The hook pulls in liquidity when a swap comes in
→ Funds are returned in the same block
This is another example of how teams can build custom market structures on top of Uniswap
DualPool hook is undergoing audits and will be open-sourced once complete
Read the full announcement ↓
