Uniswap's Niko disputes Robinhood Chain decline amid $1B volume
Uniswap (UNI)
Editor:
Eugene Serbin
lookonchain.com reports that Uniswap team member Niko has challenged the narrative claiming Robinhood Chain is dying. He noted that despite recent large-scale innovations boosting market performance, other blockchains have begun replicating its ecosystem projects. While some key opinion leaders and venture capital institutions argue that Robinhood Chain is declining and direct users to similar projects elsewhere, Niko points to on-chain data to contradict this view.
He highlighted that Robinhood Chain's daily trading volume remains above $1 billion. Additionally, the scale of stock token trading on the chain is growing rapidly. Niko believes the bearish sentiment surrounding the ecosystem is clearly at odds with these actual metrics.
The report also mentions that MUBARAK continues its upward momentum, briefly breaking through $0.068. In other news, ZEC treasury firm Cypherpunk appointed new directors and launched ZEC mining operations in August. Citi projects that AI will drive a 53% surge in enterprise-grade SSD demand by 2027. Peter Brandt stated that Ethereum's long-term resistance level stands at $5,000, with a breakout potentially driving it to $8,600.
How the market reacted
Whalio's own Binance spot order flow for UNI, measured when this story was written up on 22 September 2026. Not the outlet's figures.
Uniswap is currently trading at $9.00 with a 1-hour buy ratio of 53.1%, indicating short-term buying pressure. This contrasts with the 4-hour buy ratio of 50.7% and the 24-hour ratio of 48.3%, suggesting that recent buying activity is stronger than the daily average. The 1-hour volume delta is positive at +$396,628, while the 4-hour delta is +$230,007, showing immediate inflows. However, the 24-hour volume delta is -$3,949,604, indicating that over the full day, selling pressure has outweighed buying. The Cumulative Volume Delta for the 24-hour close is -$1,339,967, confirming net outflows over the longer timeframe. Despite this, spot volume remains high at $115,557,714 across 596,512 trades.
The latest daily buy ratio of 45.7% sits at the 13th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for UNI, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.4%, making today's 24-hour ratio of 48.3% slightly below the norm by 3.1 points. Volume today is 1.20x the average, indicating an unusually active trading day compared to the weekly baseline. The coin has seen a 37.7% price change over the last 8 days, with a total volume delta of +$18,183,765. This weekly context shows a strong upward trend despite today's slight dip in buy ratio relative to the average. Trading has been active for 5 of the 7 days, with net buying dominating the weekly period.