The author, a medical doctor and health economist, produces content on cryptocurrency markets, blockchain technologies, digital assets, and global finance.As a cryptocurrency writer and investor, he closely follows Bitcoin, altcoins, market trends, macroeconomic developments, token economies, and innovations in the digital asset ecosystem. By combining perspectives from health economics and financial analysis, he evaluates developments in cryptocurrency markets using a clear and data-driven approach.
Kripto para piyasasında satış baskısı etkisini sürdürürken, Bitcoin (BTC) son 24 saatte yaşadığı değer kaybıyla 63 bin dolar seviyesine geriledi. Lider kripto paradaki geri çekilme, altcoin piyasasında da geniş çaplı satışları beraberinde getirirken, Kripto paraların büyük bölümü günü düşüşle geçirdi. Sui (SUI), Cardano (ADA), NEAR Protocol (NEAR) ve Solana (SOL) en fazla değer kaybeden büyük kripto paralar arasında yer alırken, Uniswap (UNI) ise yükseliş kaydeden tek önemli altcoin oldu.
Bitcoin 63 Bin Dolar Seviyesine Geriledi Bitcoin, son işlem gününde satış baskısının artmasıyla birlikte 63 bin dolar seviyesine kadar geriledi. Gün içerisinde toparlanma denemeleri görülse de lider kripto para son 24 saatte yaklaşık yüzde 1 değer kaybetti. Analistler, Bitcoin’deki geri çekilmenin yalnızca teknik nedenlerden kaynaklanmadığını, yatırımcıların küresel ekonomik gelişmeler ve makro belirsizlikler nedeniyle daha temkinli hareket ettiğini belirtiyor. Kısa vadede 63 bin dolar seviyesinin korunup korunamayacağı ise piyasanın yönü açısından kritik önem taşıyor.
İlginizi Çekebilir: Kripto Piyasasında Kapanma Dalgası: Bir Proje Daha Veda Ediyor!
Bitcoin’deki düşüş, altcoin piyasasında daha sert fiyat hareketlerini beraberinde getirdi. Kripto paraların büyük bölümü değer kaybederken en dikkat çeken düşüşler şu varlıklarda görüldü:
Sui (SUI): Yaklaşık yüzde 4 düşüş Cardano (ADA): Yaklaşık yüzde 3-4 düşüş NEAR Protocol (NEAR): Yaklaşık yüzde 3-4 düşüş Solana (SOL): Yaklaşık yüzde 2,5 düşüş Bu tablo, yatırımcıların riskli varlıklardan çıkış yaparak daha temkinli bir pozisyon almaya devam ettiğini gösteriyor.
Bitcoin ve Altcoinlerde Gözler Destek Seviyelerinde Piyasa uzmanları, Bitcoin’in 63 bin dolar seviyesinin üzerinde tutunmasının kısa vadeli teknik görünüm açısından kritik önem taşıdığına dikkat çekiyor. Bu seviyenin korunması, satış baskısının hafiflemesiyle birlikte tepki alımlarını destekleyebilir ve yatırımcı güveninin yeniden artmasına katkı sağlayabilir. Özellikle işlem hacminde yaşanabilecek artışın, Bitcoin’in kayıplarını telafi ederek daha yüksek direnç seviyelerini test etmesinin önünü açabileceği değerlendiriliyor. Buna karşın 63 bin dolar seviyesinin aşağı yönlü kırılması halinde satış baskısının güçlenmesi ve fiyatın daha düşük destek bölgelerine doğru geri çekilme riskinin artabileceği ifade ediliyor.
Altcoin piyasasında ise risk iştahının zayıf seyretmesi nedeniyle oynaklığın bir süre daha yüksek kalması bekleniyor. Bitcoin’deki yön arayışının netleşmemesi, yatırımcıların büyük bölümünü temkinli hareket etmeye yönlendirirken, özellikle orta ve düşük piyasa değerine sahip altcoinlerde fiyat dalgalanmalarının daha sert yaşanabileceği belirtiliyor. Analistler, önümüzdeki günlerde hem Bitcoin’in kritik destek seviyelerindeki performansının hem de makroekonomik gelişmelerin, kripto para piyasasının genel yönü üzerinde belirleyici olmaya devam edeceğini vurguluyor.
Değerlendirme Bitcoin’in 63 bin dolar seviyesine gerilemesi, kripto para piyasasında satış baskısının yeniden güç kazandığını gösteriyor. Altcoinlerde görülen daha sert düşüşler, yatırımcıların riskten kaçınma eğiliminin arttığına işaret ederken, Uniswap’ın pozitif ayrışması günün dikkat çeken gelişmelerinden biri oldu. Önümüzdeki günlerde Bitcoin’in kritik destek seviyelerindeki performansı ve küresel piyasalardaki gelişmeler, hem BTC’nin hem de altcoinlerin kısa vadeli yönü üzerinde belirleyici olmaya devam edecek.
Son dakika kripto para haberleri için hemen tıkla
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Hyperliquid: Bouncing Off Support But EMAs Remain The WallHyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR), bounced 2% after tagging the $56 to $58 demand zone, a key support band being tested for the first time since the June rally.
Crypto analyst ALTF4 noted on X that Hyperliquid’s growth has moved beyond trading volume into market structure, with roughly $194 billion in 30-day perpetual volume, $11.5 billion in open interest, and non-crypto markets including equities, FX, and commodities now trading on the same venue.
The chart, though, requires patience. The 20-day EMA at $62.56 and 50-day EMA at $62.31 are converging just above current price, forming a dense resistance cluster that needs to flip to support before the setup carries conviction.
Key levels for HYPE: $56 to $58 — Demand zone support; losing this exposes $52 $62.31 to $62.56 — EMA cluster, the resistance wall to reclaim $76 — Chart projection target on a confirmed EMA reclaim Uniswap: Cup and Handle Breakout with Supertrend ConfirmationUniswap (CRYPTO: UNI) surges to $3.8, completing a textbook cup and handle breakout. The cup formed from May through June, the handle consolidated through early July, and price has now cleared the breakout level with conviction.
The Supertrend indicator flipped green at $3.23, adding trend confirmation to the pattern.
Price now sits above all four major EMAs and is challenging the 200-day EMA at $3.9 as the final overhead barrier before open air. The cup and handle measured move targets $4.80 to $5 on continuation.
Key levels for UNI: $3.9 — 200-day EMA, last resistance before the measured move opens $4 — Psychological resistance above $3.54 — 20-day EMA support on any retest; holding here keeps the breakout valid $3.23 — Supertrend level, the line that invalidates the setup on a close below Monero: The Cleanest Breakout Setup In The Market Right NowMonero (CRYPTO: XMR) pushes to $357.28, pressing directly into the descending trendline that has capped every rally since late January.
Bollinger Bands are squeezing tight with price coiling at the upper band at $358.63, a classic compression pattern before a directional expansion.
All four EMAs are clustering between $333 and $354, essentially flat, confirming the squeeze is real.
A daily close above $360 clears the descending trendline and triggers the Bollinger expansion, with a breakout target of $400 to $420. Rejection here sends the price back to $333.
Key levels for XMR: $358.63 — Bollinger upper band and descending trendline confluence, the breakout line $333 — Bollinger midband support on rejection $400 to $420 — measured move target on confirmed breakout Image Source: Shutterstock
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@ponsdotfamily, the leading token launchpad on @RobinhoodApp's Robinhood Chain, has once again grabbed market attention. The $PONS token is up roughly 35% over the past 24 hours and has gained nearly 800% over the past seven days, making it one of the most talked-about assets in the Robinhood Chain ecosystem.
A Platform Taking Shape on Robinhood Chain Pons is a non-custodial launchpad built for utility or equity tokens with a fixed supply. It has rapidly become one of the largest sources of new tokens on Robinhood Chain, absorbing a significant share of the network's token-creation activity after an earlier launchpad called NOXA stopped accepting new projects. The platform has drawn frequent comparisons to Pump.fun on Solana, though Pons uses a different launch and liquidity model.
Over 50,000 tokens have been launched on Pons. The platform recorded 58,000 daily active addresses, making it Robinhood Chain's busiest launchpad. The broader network has also expanded sharply: Robinhood Chain has surpassed $300 million in total value locked, emerging as one of the busiest Ethereum Layer 2 networks for speculative trading.
Part of the recent price momentum has been driven by social media attention. On July 21, 2026, PONS briefly reached a $39 million market cap after Robinhood CEO Vlad Tenev highlighted PONS founder MEADGod on social media. The platform's new limit order functionality also contributed, with continued social media activity driving an intraday gain of over 129% on July 22.
V2 Upgrade Targets Creators and Real-World Assets The upcoming V2 release is the clearest catalyst yet for the protocol's longer-term positioning. Pons V2 introduces an ETH-based bonding curve and Uniswap V4 integration, and will support custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD.
The Pons team has redesigned their fee structure so creators will now collect fees in $ETH by default, instead of accumulating fees in the launched token, using the new Uniswap V4 pools. Alongside ETH payouts by default, creators will have the option at deployment to receive payouts in another supported asset.
The V2 contracts are expected to be deployed after ongoing audits are completed, with token launches initially taking place through the platform's ponsfamily.com domain. The team noted that the contracts are still undergoing audits with two partners, meaning every feature remains subject to change until deployment.
$PONS remains a highly speculative asset on a network that is only weeks old. Traders should weigh the rapid price appreciation against the risks of a nascent ecosystem.
Sources:
Crypto.news: Robinhood Chain launchpad Pons announces V2 with Uniswap V4 upgrade
AMBCrypto: Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions
CoinGecko: Pons (PONS) Price and Market Data
Uniswap, the decentralized exchange protocol, has introduced Permissioned Pools on its v4 framework, enabling compliant trading of regulated assets directly onchain with integrated allowlist checks. The development aims to simplify regulatory compliance for issuers managing tokenized funds, securities, and equities on decentralized markets.
Compliance checks move onchain with new hook standardPermissioned Pools use a novel hook system in Uniswap v4, expanding pool functionality while maintaining the protocol’s core security standards. This setup allows issuers to create pools that enforce user eligibility by referencing an issuer-controlled allowlist before any trade or liquidity addition occurs.
Unlike previous solutions, which relied on separate frontend layers, these compliance checks now occur entirely at the protocol level. Issuers retain authority over their allowlists, determining who can access regulated pools. Once approved, users gain direct onchain trading and settlement through the Uniswap v4 platform.
The new design leverages Uniswap v4’s virtual accounting system for all exchange calculations, ensuring permissioned assets remain within regulated smart contracts at all times.
Permissioned Pools address the longstanding tradeoff DeFi issuers faced between composability and regulatory oversight, allowing both flexibility and compliance without sacrificing one for the other.
Uniswap Labs worked alongside Superstate, Securitize, and Dowgo to develop this standard, positioning it as an alternative to front-end gatekeeping while offering full protocol-level controls.
Mini dictionary: Allowlist (also known as a whitelist), is a user list that restricts access to specific features or pools, permitting only approved participants to interact with smart contracts—essential for regulatory compliance in tokenized securities trading.
Launch partners: Superstate, Securitize, and DowgoSuperstate, a firm specializing in tokenized equities and funds, participated early in the design process for the new standard. Securitize, which operates a compliance infrastructure for tokenized securities, contributed expertise in enabling its DS Protocol tokens to trade directly onchain. Dowgo, supporting the ERC-3643 token standard, integrated the technical components that facilitate these compliant pools.
Dowgo’s rollout plans depend on securing DLT TSS authorization within the European Union’s DLT Pilot Regime, which seeks to foster regulated trading of tokenized securities.
Uniswap noted that these partners represent a growing group of issuers seeking regulatory-compliant access to decentralized automated market makers.
Uniswap highlights that Permissioned Pools mark the first generalized, open source protocol catering to regulated onchain asset markets, which could grow to $11 trillion by 2030.
Mini dictionary: ERC-3643 is an Ethereum token standard designed for permissioned and regulated assets, supporting advanced compliance features like identity verification and transfer restrictions.
Implications for developers and the tokenized asset marketDevelopers building on Uniswap v4 can now choose between deploying fully permissionless pools or restricting access through the new Permissioned Pools structure. While the protocol itself remains open, individual pools can enforce compliance rules determined by each issuer.
By collaborating with partners focused on tokenized funds and regulated assets, Uniswap aims to lay the groundwork for trusted, compliant onchain value movement. The company expects wider adoption as more issuers seek infrastructure suitable for fund, security, and equity tokenization.
No timeline has been given for further integrations, but initial deployments from Superstate, Securitize, and Dowgo position the feature at the forefront of regulated DeFi innovation.
PartnerRole in Permissioned PoolsFocus AreaSuperstateDesign and standard partnerTokenized equities and fundsSecuritizeCompliance infrastructureTokenized securities, DS ProtocolDowgoERC-3643 integrationRegulated securities, EU DLT RegimeDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
VanEck Head of Digital Assets Research Matthew Sigel believes the next crypto bull market will be driven not by meme coins or speculative trading, but by the convergence of blockchain technology and traditional finance.
• Robinhood Markets stock is under selling pressure. What’s driving HOOD stock lower?
HYPE, HOOD Early LeadersHe added that Hyperliquid is on pace to generate $800 million in annualized revenue while using 99% of protocol revenue to repurchase HYPE tokens, reducing circulating supply.
Despite the crypto downturn, Hyperliquid has climbed roughly 146% this year. Sigel said the token could still double in value while remaining reasonably valued.
Robinhood’s recently launched Layer-2 blockchain is one of the strongest examples of financial convergence. Within two weeks of launch, Robinhood Chain reportedly attracted more than $300 million in deposits while processing roughly 3.6 million daily transactions.
Although much of the early activity involved meme coins rather than equities, he believes the underlying infrastructure has already demonstrated meaningful adoption.
Winners In The Next CycleSigel said crypto is beginning to show signs of forming a market bottom.
Since July 1, Bitcoin has gained roughly 9% while the Nasdaq-100 has declined about 6%, spot ETF flows have turned positive and market sentiment has improved.
The second category includes established financial companies aggressively adopting blockchain infrastructure rather than limiting themselves to pilot programs.
Image: Shutterstock
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Decentralized exchange Uniswap has launched its first permissioned pools to advance its tokenization push. The pools will be available on Uniswap V4 in partnership with tokenized asset issuers Securitize, Superstate, and Dowgo.
According to Uniswap CEO Hayden Adams, the move is aimed at bringing “regulated assets onchain.”
Uniswap protocol is infrastructure for all onchain trading. Some regulated tokens and use cases require permissioned trading. Uniswap v4 can now more easily support these use cases through this new hook.
The new pool will restrict swaps and liquidity linked to tokenized stocks and ETFs to an allowlist of approved wallets.
Any sanctioned entity will automatically be flagged and blocked. To some extent, this is the centralization of a portion of the DEX to achieve key compliance checks for trading of regulated tokenized assets.
Uniswap’s bet on $11T tokenized market boom The tokenized market is currently valued at $36B, but is expected to hit $11 trillion in the next four years. Since the SEC applies a technology-neutral stance on tokenized securities, the same traditional disclosure requirements and monitoring will apply in the onchain market too.
Source: Chiara M. /LinkedIn
In fact, attempts by the DeFi industry to push for exemption or limited legal liability have been strongly opposed by traditional stock exchanges and operators like Citadel Securities.
For the TradFi players, all legal responsibilities should apply to anyone handling tokenized securities, whether the platform is non-custodial or not.
As such, the permissioned pools are one way DeFi players like Uniswap seek to ride the tokenization boom while remaining compliant.
If Uniswap captures a fraction of the expected tokenization boom, it could drive more volume and revenue.
That said, the DeFi project has activated several protocol fees across various versions and chains in the past few months. So far, the protocol has generated a cumulative of $5.6B in fees, mostly going to liquidity providers.
Source: DeFiLlama In contrast, the protocol’s revenue has remained low at about $27M. The push for protocol fees shared with the liquidity providers could help drive more revenue for the UNI buyback.
So far in 2026, the project has burned about 6-8 million UNI, translating to an average of 1M UNI burned per month.
Can UNI extend its rally? Notably, the recent Uniswap traction on Robinhood Chain fueled the July rally, boosting UNI to surge by nearly 61% from the June lows.
The altcoin was valued at $3.84 at press time and was above the 200-day Moving Average (MA, blue line). This meant that the long-term market structure was bullish.
As such, UNI could extend the rally to the Q2 peak level at $4.17, implying an extra 12% upside potential.
Source: UNI/USDT, TradingView The bullish set-up would be invalidated if UNI slips below the 200-day MA, currently at $3.6. Such a move would trigger a potential pullback to the 50-day MA at $3.3.
Final Summary Uniswap targets the $11T tokenized market with permissioned pools UNI has rallied 60% since June and could extend the gains to 70%
Uniswap has introduced Permissioned Pools, a new hook standard for its v4 protocol designed to enable compliant trading of regulated and permissioned assets through automated market makers (AMMs).
The new infrastructure allows tokenized funds, securities, equities and other assets with transfer restrictions to trade on-chain while enforcing compliance requirements directly at the protocol level.
Uniswap developed Permissioned Pools in collaboration with teams working to bring regulated assets on-chain, the team stated in a Thursday blog post. Launch partners include Superstate, Securitize and Dowgo, alongside a growing group of issuers and platforms exploring compliant access to on-chain markets.
“As more regulated assets move on-chain, issuers need infrastructure that can enforce each asset’s compliance rules,” Uniswap wrote.
Permissioned Pools are programmed to verify a user's eligibility directly on-chain. Issuers maintain control of an allowlist, while approved users can trade assets and provide liquidity through Uniswap v4.
Permissioned Pools use allowlists to enforce complianceThe system uses Uniswap v4 hooks to add compliance functionality to standard liquidity pools without changing the protocol's permissionless nature.
A permissioned hook checks an issuer-managed allowlist whenever a user attempts to swap an asset. It also verifies eligibility before users can create liquidity positions. This means only approved addresses can trade or provide liquidity for assets subject to transfer restrictions.
Permissioned Pools are designed for tokens that require approved addresses to hold or trade them, thereby ensuring that liquidity providers meet compliance requirements.
Under the architecture, a Permissions Adapter holds the underlying permissioned asset, while the pool trades a compatible wrapper token. Assets entering the pool are wrapped, while those exiting leave unwrapped. The Universal Router and Permissioned Position Manager handle these processes, reducing the changes required for integrations.
The architecture also prevents users from bypassing compliance through indirect routes. Disallowed addresses cannot gain exposure to the underlying permissioned asset through multi-hop transactions. At the same time, liquidity position NFTs are non-transferable to prevent allowlist restrictions from being circumvented.
The issuer can also halt swaps and unwind liquidity positions when required. The system remains non-custodial, with funds leaving the pool only through permitted swaps, liquidity withdrawals or claim redemptions.
Uniswap targets institutional adoption of tokenized assetsUniswap said Permissioned Pools give issuers a way to access AMM liquidity and DeFi composability without abandoning regulatory controls. Approved investors can also gain direct on-chain trading access to assets that previously could not be traded through AMMs.
“For approved investors, it means direct on-chain trading for assets that previously couldn't trade on an AMM at all,” Uniswap stated.
The team emphasized that the protocol itself remains permissionless. The company also shared that the new standard is intended to provide the market infrastructure needed for the next phase of tokenization.
The launch comes as the tokenized asset market continues to expand and gain industry-wide attention, with the sector estimated to reach $11 trillion by 2030.
UNI is trading at $3.75, down 0.5% over the past 24 hours at the time of writing.
Today, we’re introducing Permissioned Pools, a new hook standard for Uniswap v4 that enables permissioned asset trading through Automated Market Makers (AMMs) with compliance enforced directly onchain.
Permissioned Pools were built in collaboration with leading teams bringing regulated assets onchain. Launch partners include Superstate, Securitize, and Dowgo: part of a growing set of issuers and platforms seeking compliant access to onchain markets for tokenized funds, securities, equities, and other permissioned assets.
Bringing permissioned assets to AMMs The tokenized asset market is estimated to reach $11 trillion by 2030. As more regulated assets move onchain, issuers need infrastructure that can enforce each asset’s compliance rules. Uniswap Permissioned Pools are the first generalized, open source, institutional-grade standard for trading regulated assets on an AMM. Instead of relying on a frontend gate or an offchain compliance check, the pool itself verifies whether a wallet is approved before a swap or liquidity action goes through. The issuer keeps control of the allowlist, while approved users can access onchain trading and settle through Uniswap v4.
For issuers, this opens a path to AMM liquidity and DeFi composability without giving up required controls. For approved investors, it means direct onchain trading for assets that previously couldn't trade on an AMM at all.
How Permissioned Pools work Permissioned Pools use Uniswap v4 hooks to extend the functionality of a regular pool without breaking the security and interoperability guarantees of the protocol. The particular hook implements logic that checks an issuer-managed allowlist on every swap, verifies allowlist status before a user mints an LP position, and provides support for the administration controls permissioned assets require. These checks happen at the protocol level, not on the frontend.
Behind the scenes, the design uses Uniswap v4 virtual accounting to perform all exchange calculations remotely while permissioned assets remain held in a permissioned contract. You can learn more about this mechanism in the docs.
Uniswap powers tokenized value Permissioned Pools bring a new standard for compliant trading, while the protocol itself stays permissionless. Developers and asset issuers can choose the approach that fits: deploy pools and build on v4 permissionlessly, or deploy a permissioned pool for a specific asset.
Tokenization’s next phase needs standardized market infrastructure that can handle compliance requirements, without compromising permissionless access. Permissioned Pools are the result of deep collaboration between the teams defining the standard, the teams building the compliance layer beneath it, and the issuers and assets putting it to use.
Superstate, an early design partner, helped shape the Permissioned Pool standard for tokenized equities and funds. Uniswap Labs and Securitize collaborated early on to ensure DS Protocol-issued tokens could trade compliantly onchain, laying the groundwork that Permissioned Pools now extends. Dowgo contributed the ERC-3643 integration for Permissioned Pools, and will use the standard once they receive DLT TSS authorization under the EU's DLT Pilot Regime.
With these institutions already building on the hook, Permissioned Pools lay the groundwork for the next generation of value coming onchain.
Uniswap logo on phone (appshunter.io/Unsplash)Summary
Uniswap is introducing Permissioned Pools, a framework designed for tokenized funds, equities and other regulated assets.The feature allows tokenized asset issuers to enforce investor eligibility requirements directly onchain while using Uniswap's automated trading infrastructure.The launch comes as tokenized assets gain traction on Wall Street and DeFi protocols increasingly adapt to institutional investors.Uniswap (UNI), one of the largest and longest-running decentralized exchanges, is making a deeper push into tokenized assets, introducing a feature designed to let regulated securities trade on the venue without sacrificing compliance requirements.
The decentralized exchange's developer, Uniswap Labs, is rolling out "Permissioned Pools" on Thursday, a piece of infrastructure that allows issuers of tokenized funds, equities and other regulated assets to restrict trading to approved investors while still using the protocol's automated market maker.
That “gives issuers a flexible way to enforce their own compliance rules without building separate trading infrastructure,” Ken Ng, head of ecosystem at Uniswap Labs, explained to CoinDesk.
“The next generation of value coming onchain, and it’s trading on Uniswap,” he said.
Launch partners include tokenization firms Securitize (SECZ) and Superstate, along with European digital securities platform Dowgo, all of which plan to use the framework for regulated onchain assets.
Tokenization trend enters DeFiThe move fits into a broader shift across decentralized finance (DeFi), where protocols originally built for open, permissionless trading and lending are increasingly adapting to the needs of financial institutions bringing traditional, regulated real-world assets (RWA) onto blockchain rails. One example for that is Aave, the largest decentralized lender, which rolled out Horizon, an institutional lending venue for tokenized assets.
The potential opportunity is significant. Global asset managers including BlackRock, Apollo, Franklin Templeton and VanEck have launched tokenized funds, while brokerages and exchanges are expanding tokenized stock offerings. A recent report by global bank Citi projected tokenized securities growing into a $5.5 trillion market by 2030.
Uniswap has been quietly laying the groundwork for institutional tokenized assets. In February, BlackRock's tokenized money market fund, BUIDL, issued by Securitize, became tradable on the protocol, while the asset manager disclosed an investment in UNI, Uniswap's governance token. The protocol has also seen a surge in activity with the launch on Robinhood’s new chain and tokenized stocks trading.
The new Permissioned Pools standard, built on top of Uniswap v4, extend that effort by giving issuers a way to enforce investor eligibility directly within the protocol rather than relying on offchain compliance checks.
Before a trade or liquidity deposit can occur, the pool verifies whether a wallet has been approved by the asset issuer. Investors who meet those requirements can trade through Uniswap's automated market maker, while issuers retain control over investor eligibility.
That approach aims to preserve many of decentralized finance's benefits while accommodating the regulatory controls expected by institutional issuers.
“Until now, compliance for tokenized securities lived at the app layer; a gate standing in front of the market,” Superstate CEO Robert Leshner told CoinDesk. “Permissioned Pools move those rules into the pool itself, so a regulated asset can tap real AMM liquidity without the issuer giving up the controls securities law requires.”
“That's the piece of plumbing tokenization has been missing,” he added.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Jul 22, 2026
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
4 hours ago
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
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SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
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Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
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AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
4 hours ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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@Uniswap has announced Permissioned Pools, a new hook standard for Uniswap v4, developed alongside real-world asset (RWA) platforms @SuperstateInc and @Securitize. The feature brings compliance enforcement directly onchain, opening the decentralized exchange's liquidity infrastructure to regulated financial instruments for the first time.
What Permissioned Pools Do Permissioned Pools enforce compliance checks and issuer-defined controls at the protocol level, rather than relying on off-chain gatekeeping. This means issuers of tokenized funds, securities, and equities can tap into Uniswap's Automated Market Maker (AMM) ecosystem while preserving the regulatory oversight required for institutional-grade assets.
The design is made possible by Uniswap v4's hooks architecture, which allows developers to attach custom logic to pool operations. Developers can innovate on top of the Uniswap Protocol's liquidity and security to create customized AMM pools through hooks that integrate with v4's smart contracts. Permissioned Pools use this mechanism to run issuer-specified policy checks on every swap and liquidity action.
Launch partners include Superstate, Securitize, and Dowgo, part of a growing set of issuers and platforms seeking compliant access to onchain markets for tokenized funds, securities, equities, and other permissioned assets.
Why It Matters for the RWA Market The timing reflects the rapid expansion of tokenized assets more broadly. By Q1 2026, rwa.xyz tracks more than $30 billion in tokenized assets across six categories, led by tokenized U.S. Treasuries and private credit. Both launch partners are central to that growth. Securitize powers a significant share of that market, including BlackRock's BUIDL fund, the largest tokenized money market product in the world. Superstate, meanwhile, partners with issuers to bring securities onchain, enabling access to new investor capital through Opening Bell for tokenized equity issuers and FundOS for asset managers launching tokenized funds.
The Uniswap collaboration addresses a long-standing tension in DeFi: permissionless liquidity pools are poorly suited to regulated assets that require know-your-customer checks, sanctions screening, and jurisdiction controls. By embedding those controls directly into the hook layer, Permissioned Pools let institutional issuers participate in onchain liquidity without compromising their compliance obligations.
For Uniswap, the move signals a deliberate push into institutional finance, where the RWA sector is drawing increasing interest from traditional asset managers and regulators alike.
Sources:
Introducing Permissioned Pools on Uniswap v4 (Investegate / FinanceWire)
Uniswap v4 Is Here (Uniswap Labs Blog)
Top RWA Tokenization Platforms in 2026 (Chainstack)
Uniswap Labs has introduced Permissioned Pools, a new Uniswap v4 hook standard designed to support regulated and permissioned assets through automated market makers.
Introducing Permissioned Pools on Uniswap v4
A new hook standard that brings permissioned assets to the AMM with compliance checks enforced at the protocol level
Built in collaboration with @SuperstateInc, @Securitize, Dowgo, and other leading teams bringing value onchain pic.twitter.com/WS4AohMYEJ
— Uniswap (@Uniswap) July 23, 2026
The system verifies whether a wallet is authorized before allowing it to execute a swap or add liquidity. Compliance checks are enforced through the pool’s smart contracts rather than through a website restriction or an external verification process.
Superstate, Securitize, and Dowgo are among the initial partners working with the standard. The companies plan to use the infrastructure for assets including tokenized funds, securities, and equities.
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Under the design, issuers retain control of the allowlist that determines which addresses can trade or provide liquidity. Approved users can then access onchain trading and settlement through Uniswap v4.
Permissioned Pools use a contract called the Permissions Adapter to hold the underlying regulated asset. The pool trades a wrapped representation of the token, which is automatically created when assets enter the pool and removed when they leave. Users ultimately receive the underlying asset rather than the wrapped representation.
A permissioned hook checks the issuer’s allowlist during every swap and liquidity addition. Separate permissions can be assigned for trading and liquidity provision, meaning a wallet authorized to swap is not necessarily permitted to become a liquidity provider.
The infrastructure also gives issuers several administrative controls. They can update the contract used to verify approved wallets, authorize the routers and position managers that interact with the asset, pause trading, and unwind liquidity positions when required.
Liquidity position NFTs issued through Permissioned Pools cannot be transferred. This prevents an approved holder from transferring a position to an address that has not passed the issuer’s compliance requirements. Holders can still remove their own liquidity even if they later lose permission to trade or add more funds.
Uniswap said the broader v4 protocol remains permissionless. Developers can continue creating regular pools without approval, while regulated asset issuers can select the Permissioned Pools standard when their assets require identity verification or restrictions on ownership and trading.
Superstate helped design the standard for tokenized funds and equities. Uniswap Labs previously worked with Securitize to support compliant trading for assets issued through its DS Protocol, while Dowgo contributed an ERC 3643 integration. Dowgo plans to use the system after receiving authorization under the European Union’s DLT Pilot Regime.
The launch expands Uniswap’s infrastructure for tokenized real world assets by allowing regulated products to access AMM liquidity while preserving issuer controlled compliance requirements.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The v4 hook enforces issuer allowlists onchain at the protocol level, with Superstate, Securitize, and Dowgo as launch partners.
Uniswap introduced Permissioned Pools, a new hook standard for its v4 protocol that lets regulated assets trade through automated market makers while enforcing compliance rules directly onchain, the company said in a blog post published Thursday.
Rather than relying on a frontend gate or an offchain compliance check, the pool itself verifies whether a wallet is approved before a swap or liquidity action goes through, with the issuer keeping control of the allowlist. The hook checks that allowlist on every swap and verifies status before a user mints a liquidity position, running the checks at the protocol level rather than on the frontend.
Launch partners include Superstate, Securitize, and Dowgo, issuers and platforms seeking compliant onchain access for tokenized funds, securities, equities, and other permissioned assets. Superstate, an early design partner, helped shape the standard for tokenized equities and funds, while Dowgo contributed the ERC-3643 integration.
UNI traded down 1.6% over the prior 24 hours, with a market capitalization near $2.36 billion.
Institutional-Grade StandardUniswap described Permissioned Pools as the first generalized, open source, institutional-grade standard for trading regulated assets on an AMM. That superlative comes from the company itself and has not been independently verified here.
On its official X account, Uniswap said the hook brings permissioned assets to the AMM "with compliance checks enforced at the protocol level," built in collaboration with the launch partners. Securitize, a tokenization platform, said separately that the standard "gives regulated assets access to AMM liquidity while preserving issuer-defined controls."
The move targets tokenized real-world assets, a market Uniswap cited as estimated to reach $11 trillion by 2030. For issuers, the standard opens a path to AMM liquidity without giving up required controls; for approved investors, it allows direct onchain trading of assets that previously could not trade on an AMM.
Uniswap Labs introduced a new feature for its v4 protocol, Permissioned Pools, on July 23, 2026. This addition marks a critical step in allowing regulated assets and tokenized securities to be traded on the Uniswap platform under strict compliance controls for the first time.
Institutions gain on-chain compliance controlsPermissioned Pools allow issuers of tokenized funds and securities to restrict trading and liquidity provision exclusively to wallets that have been pre-approved. This approach departs from the traditional open-access model, where any user could interact with a Uniswap pool, by establishing an access list controlled by the asset issuer.
Participants whose wallets appear on an issuer’s approved list can trade or provide liquidity; transactions from unlisted wallets are automatically blocked. This model gives issuers the ability to maintain compliance without sacrificing on-chain functionality.
Uniswap Labs developed Permissioned Pools using a “hook,” an innovative plug-in design that lets developers customize the pool’s behavior without changing the protocol’s core architecture. Regulated asset tokens reside in separate contracts enforcing permissions, while the trading pools utilize Uniswap v4’s new accounting system.
Uniswap describes Permissioned Pools as the first open-source standard crafted to let institutions transact regulated assets on an automated market maker (AMM).
Ken Ng, head of ecosystem at Uniswap Labs, explained that this standard empowers issuers to set their own compliance rules without building custom trading systems from scratch. Projects have already begun adopting the new system.
Three companies have launched with this standard—Superstate, Securitize, and Dowgo—each contributing different expertise and use cases for the protocol.
Mini dictionary: Uniswap Labs is a US-based technology company behind the Uniswap decentralized exchange protocol, a leading automated market maker in decentralized finance (DeFi).
Early adopters and industry partnershipsSuperstate, a company specializing in the tokenization of traditional equities and funds, played a role as a design partner and helped shape the workflow for these assets.
Securitize, which offers digital compliance solutions, previously collaborated with Uniswap Labs to enable its DS Protocol tokens to be traded on-chain in a regulatory-compliant manner, providing the foundation for the Permissioned Pools feature.
European platform Dowgo developed the integration of the ERC-3643 standard and intends to use Permissioned Pools once it receives DLT TSS authorization under the European Union’s DLT Pilot Regime.
Securitize stated:
“We’re proud to partner with Uniswap on Permissioned Pools. This standard gives regulated assets access to AMM liquidity while allowing issuers to control who can interact with those assets.”
Superstate CEO Robert Leshner emphasized that prior to Permissioned Pools, compliance operated as a barrier at the point of entry, whereas now the compliance logic is built into the pool itself. He described the new structures as “the missing piece that makes tokenization work.”
Expanding DeFi access for real-world assetsThe launch reflects a broader trend of bringing regulated real-world assets to blockchain networks, with institutions demanding greater control and compliance capabilities. Major asset managers such as BlackRock, Apollo, Franklin Templeton, and VanEck have all launched tokenized funds in recent years.
Uniswap estimates the tokenized asset sector could reach as much as $11 trillion by 2030, while some analysts project a market of $5.5 trillion. As institutional adoption increases, enabling regulated pathways onto DeFi becomes increasingly important.
SourceTokenized Asset Market Projection for 2030Uniswap$11 trillionOther analysts$5.5 trillionEarlier in 2026, BlackRock’s tokenized money market fund BUIDL, issued by Securitize, began trading on Uniswap, and BlackRock also invested in UNI governance tokens. Currently, UNI trades at approximately $3.77 and maintains a market capitalization close to $3.15 billion, according to DeFiLlama.
Permissioned Pools are expected to provide issuers with the flexibility and reach of AMM-based DeFi while securing full control over participation. The next phase for market participants includes tracking Dowgo’s regulatory progress in the European Union and assessing broader adoption of the new standard by additional issuers.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Beefy Finance has deployed its Cowcentrated Liquidity Manager, or CLM, on the Ethereum mainnet. The product automates the notoriously tedious process of managing concentrated liquidity positions on Uniswap V3, targeting blue-chip pairs like AAVE-WETH, UNI-WETH, and LINK-WETH.
How the CLM actually works Concentrated liquidity, for those who haven’t been deep in the DeFi weeds, is the innovation Uniswap V3 introduced that lets liquidity providers focus their capital within specific price ranges rather than spreading it across the entire price curve. In English: instead of deploying $10,000 across every possible price from zero to infinity, you pick a narrower band where trading actually happens. Capital efficiency goes way up, but so does the management burden.
Beefy’s CLM pools user deposits together into aggregated positions. It then automates three critical functions: daily compounding of trading fees back into the position, range resets every six hours, and position rebalancing that avoids selling tokens during the adjustment process.
That last detail matters more than it sounds. Many automated liquidity managers rebalance by selling one token to buy the other, which can trigger taxable events and create MEV extraction opportunities for bots. Beefy’s approach redisposes positions into 50:50 allocations alongside single-sided “alt” positions, keeping liquidity active while reducing impermanent loss exposure relative to traditional automated solutions.
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When users deposit into a CLM vault, they receive cowTokens representing their stake in the pooled position.
Two years of track record, now on Ethereum The protocol has been running these vaults across various blockchains for nearly two years, managing hundreds of millions in total value locked without any recorded failures. The Ethereum mainnet launch is less of an experiment and more of a graduation ceremony.
The blue-chip pairs Beefy is targeting—AAVE-WETH, UNI-WETH, and LINK-WETH, along with WBTC/WETH and stablecoin pairs like USDC and USDT—represent some of the most actively traded combinations on Uniswap V3.
The 9.5% performance fee undercuts the market average for automated liquidity management products, which sits around 10%.
What this means for liquidity providers For retail liquidity providers, the value proposition is straightforward. You deposit into a vault, receive cowTokens, and the protocol handles range management, fee compounding, and rebalancing.
The impermanent loss mitigation aspect deserves particular scrutiny from investors. Beefy’s approach of using single-sided alt positions alongside standard 50:50 allocations is designed to reduce this exposure, though liquidity providers should understand that no mechanism eliminates impermanent loss entirely.
The risk factors include smart contract risk, dependency on Uniswap V3’s continued operation, and the inherent volatility of the underlying assets. A 9.5% performance fee also means Beefy only earns when depositors earn, which aligns incentives in the right direction, but doesn’t eliminate the possibility of periods where yields are thin or impermanent loss exceeds fee income.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Market expectations of an imminent US Federal Reserve interest rate hike have driven Brent crude futures to surge to $100 per barrel, with the yield on 10-year US Treasury notes hitting a year-to-date high.
According to Bitget market data, Brent crude futures have surged to $100 per barrel, marking the first time since the end of May. The rally is driven by the threat of escalating conflict with Iran, which has pushed US Treasury yields to their year-to-date highs. Markets now expect the Federal Reserve could raise interest rates as early as next week. The 2-year Treasury yield, highly sensitive to Fed policy expectations, rose around 4 basis points on Thursday to approximately 4.34%, hitting its highest level since early 2025. The 10-year Treasury yield touched a year-to-date high of 4.712%, while the 30-year yield climbed to 5.19%, slightly below its peak level since 2007. As Houthi militants claimed their first attack on commercial vessels in recent months, Brent crude prices are slowly rebounding to $100 per barrel. This ongoing rally has continued to pressure the US Treasury market, leading traders to increasingly believe that the Federal Reserve led by Wash will raise rates soon this year.
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Anthropic is considering requiring rank-and-file employees to sell their held shares via a pre-set trading plan after going public.
AI giant Anthropic is considering a relatively rare post-IPO arrangement that would require regular employees to sell their shares via a pre-set trading plan to avoid violating insider trading regulations. The company plans to use the 10b5-1 trading framework, which involves pre-defining the timing and volume of share sales and executing them according to the established schedule. Typically, such plans are primarily applicable to company executives, directors, and select finance and legal personnel. If Anthropic ultimately implements this, expanding the program to regular employees would be a relatively uncommon practice.
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Fed Mouthpiece: July FOMC Interest Rate Decision Outcome Remains Unpredictable, Oil Price Rebound and Tariff Risks Reignite Inflation Concerns
Nick Timiraos, a Wall Street Journal reporter widely known as the "Fed’s mouthpiece," said the Federal Reserve’s July 28-29 policy meeting will be one of the most unpredictable in recent years. Resurgent oil prices, rising risks tied to U.S. tariff policies, and some officials’ public shift toward supporting interest rate hikes are challenging the consensus for keeping rates steady. Data from the CME Group shows market expectations for a July rate hike have risen from roughly 10% last weekend to around one-third. The Fed’s 18 officials already hold clear divisions on whether additional rate increases are needed this year: half project at least a 25 basis point hike, while the other half see no need for adjustments. New Chair Wash has deliberately remained silent since taking office, refusing to provide forward guidance, leaving investors to guess policy directions blindly from remarks by other Fed officials.
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CZ posts tribute to Arthur Hayes, expressing regret over BitMEX's shutdown, noting that the exchange pioneered 100x leverage crypto contracts as early as 2014.
Binance founder CZ has published a post paying tribute to BitMEX founder Arthur Hayes, expressing regret over BitMEX’s shutdown. Here are some of his thoughts: BitMEX was the first platform to launch 100x cryptocurrency trading as early as 2014. Delivery futures had already existed prior to that, leading to extremely high trading volumes on Fridays. BitMEX only accepted Bitcoin deposits, supported a single blockchain, allowed only one withdrawal per day, and required all withdrawals to be processed via a multi-signature wallet. These seemingly inconvenient restrictions actually helped the platform avoid hacker attacks. After 18 months of legal proceedings, the four founders ultimately pleaded guilty to violating the Bank Secrecy Act (BSA) one month before their trial. Each was fined $10 million and placed under house arrest; none were imprisoned. However, their business ultimately failed to survive the Biden administration’s so-called "crypto war". Finally, BitMEX’s liquidation process appeared orderly, enabling users to withdraw their assets. A tribute to Arthur Hayes.
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Ethereum fell below $1,900, down 1.3% in 24 hours.
According to HTX market data, Ethereum has fallen below $1900, with a 1.3% drop in the past 24 hours.
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Bitcoin drops below $65,000, logging a 0.8% decline over the past 24 hours.
According to HTX market data, Bitcoin has fallen below $65,000, posting a 0.8% drop in the past 24 hours.
Pons has unveiled its V2 upgrade plan, introducing an ETH-based bonding curve, Uniswap V4 integration, creator payouts in ETH, and support for tokenized real-world asset trading pairs as Robinhood Chain’s competition among token launchpads continues to intensify.
Summary
Pons has announced its V2 upgrade with an ETH based bonding curve, Uniswap V4 integration, and creator payouts in ETH. The update will support custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD while removing trading restrictions for regular wallets. The release comes as Robinhood Chain’s launchpad market continues to evolve after Noxa’s exit and growing competition among rival platforms. According to an announcement published by the Pons team, the update is scheduled for next week and will redesign how tokens launch, trade, and transition into decentralized liquidity pools on Robinhood Chain. The team said the contracts are still undergoing audits with two partners, meaning every feature remains subject to change until deployment.
Pons said the latest version was shaped by user feedback gathered during the platform’s first weeks of operation. The team also said it had stabilized the protocol with infrastructure partners after dealing with several attacks following its launch and plans to continue building products for Robinhood Chain traders.
Bonding curve and new trading model One of the biggest changes in Pons V2 is the replacement of its previous launch model with an ETH-denominated bonding curve.
The team said trading restrictions will remain configurable only for developer wallets while all other wallets will be able to trade freely. According to Pons, the change is intended to eliminate failed transactions experienced by third-party trading applications under the earlier version.
Developers will also be able to launch tokens against custom trading pairs instead of ETH alone. The announcement listed assets including USDG, NVDA, AAPL, and HOOD as examples, allowing deployers to create markets tied to tokenized real-world assets or other supported tokens.
The expansion comes as Robinhood Chain continues building infrastructure around tokenized financial products. As crypto.news previously reported, Robinhood has already introduced transferable stock tokens backed one-for-one by underlying shares while positioning the Ethereum Layer 2 network as infrastructure for tokenized securities and decentralized finance.
Earlier this week, a FalconX research primer found that Robinhood Chain had accumulated approximately $431 million in total value locked, nearly $400 million in stablecoin market capitalization, and close to $9 billion in cumulative decentralized exchange volume within three weeks of launch. The report also found that more than 80% of decentralized exchange activity still comes from memecoin trading despite the network’s long-term focus on tokenized assets.
New fee structure and automatic graduation Pons also plans to redesign how creators and the protocol collect fees.
According to the announcement, V2 will use Uniswap V4 pools and Hooks so creators receive payouts in ETH by default instead of accumulating fees in the launched token. The protocol said fee conversion will occur within the liquidity pool, allowing creators to avoid receiving small balances of memecoins that might otherwise be sold on the open market.
Deployers seeking exposure to their own tokens will need to purchase them through the market like other participants rather than receiving them automatically through protocol mechanics.
Liquidity migration has also been redesigned. Instead of launching directly into Uniswap V3 pools, new tokens will remain on the bonding curve until reaching 4.2 ETH, the same graduation threshold used previously.
Once that level is reached, the protocol said an automated two-step process will transfer liquidity into a permanently locked full-range Uniswap V4 position. If a token is paired with an asset other than ETH, the accumulated ETH will first be swapped into the selected quote asset before the liquidity pool is created.
According to the team, permanently locking the resulting liquidity position is intended to prevent liquidity from being withdrawn after graduation.
Creator payouts and governance features Alongside ETH payouts, Pons said creators will have the option at deployment to receive protocol fees in another supported asset, including stablecoins or tokenized real-world assets such as USDG.
The team said the feature allows deployers to receive more predictable payouts or gain exposure to different assets instead of relying entirely on their token’s market performance.
Governance tools are also being updated. Pons said V2 will introduce a CTO feature protected by a three-day timelock after an oversight in the V1 contracts prevented protocol administrators from changing the fee recipient. According to the announcement, the delay is intended to give communities advance notice and time to react if a malicious attempt is made to take control of a project.
Another planned addition is an optional transaction tax applied to token purchases and sales. The protocol said integration partners could use the collected fees for yield generation or other holder incentives through reflection-style token models.
Competition grows after Noxa’s exit The update arrives as Robinhood Chain’s launchpad market continues to evolve following the departure of its earliest market leader.
As crypto.news previously reported, Noxa halted new token launches on July 11 after generating more than $12 million in protocol fees and supporting over 60,000 token launches, accounting for roughly 75% of all deployments on Robinhood Chain. The platform later became unavailable before announcing that future trading fees would be redirected entirely to token creators.
Noxa’s shutdown was followed by declines in several of the chain’s most actively traded memecoins, including CASHCAT, while rival launchpads such as flap.sh, trensh.today, bankr, and Pons began competing for displaced activity.
Although Robinhood Chain has continued attracting users and liquidity, FalconX said speculative memecoin trading remains the network’s largest source of decentralized exchange volume. The addition of custom RWA trading pairs alongside updated memecoin launch mechanics positions Pons to participate in both areas of the ecosystem as Robinhood Chain expands its on-chain financial products.
The Pons team said the V2 contracts are expected to be deployed next week after ongoing audits are completed, with token launches initially taking place through the platform’s ponsfamily.com domain.
$PONS Token Rallies as Platform Volume Explodes@ponsdotfamily, the token launchpad built natively on Robinhood Chain, has become one of the most closely watched projects in the Robinhood ecosystem after its $PONS token posted a near-300% gain over the past seven days, according to CoinGecko data. The move tracks a sharp rise in platform activity, with the protocol crossing nine figures in cumulative trading volume within just 96 hours of launch.
Pons has led the Robinhood Chain launchpad space with a 52.1% share of trading volume over two days, averaging $45 million daily. That dominance has fed directly into token sentiment. Market confidence in Pons has propelled $PONS to a market cap of $24 million, up from roughly $4 million.
On July 21, the token briefly reached a $39 million market cap after Robinhood CEO Vlad Tenev highlighted Pons founder MEADGod on social media. The attention brought a fresh wave of buyers. According to GMGN monitoring, the market cap of Robinhood Chain ecosystem token PONS briefly exceeded $39 million, hitting an all-time high, before settling at around $34 million, up 110% in 24 hours, with trading volume of approximately $10 million in the same period.
How Pons Works and What Sets It Apart Pons is a permissionless, non-custodial token launchpad built exclusively for Robinhood Chain. Tokens launch directly into Uniswap V3 and are quoted against WETH only. From creation, each token goes directly into a Uniswap V3 pool denominated in WETH, with the liquidity position automatically locked so all buying and selling occurs within that single pool.
Traders have been drawn to Pons not as a simple meme coin play, but as a platform token tied to the launch and trading activity of new tokens on the chain. The team has since announced a V2 upgrade featuring an ETH-based bonding curve, Uniswap V4 integration, and creator payouts in ETH, with support for custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD.
Within five days of launch, Pons had completed over 53,000 token launches, with cumulative trading volume exceeding $300 million, protocol revenue over $340,000, and approximately $2.65 million in fees distributed to creators.
Despite the momentum, analysts and platform documentation caution that $PONS remains a highly speculative asset. PONS and other Robinhood Chain launchpad tokens are highly speculative, with prices that can move rapidly, potentially thin liquidity, and market-cap figures that may differ across data providers.
Uniswap [UNI] continues drawing renewed attention. This comes after exchange balances recorded their largest decline of 2026. Around 8.4 million UNI left trading platforms within 24 hours, ending weeks of relatively stable exchange flows.
Normally, large outflows from exchanges are indicative of investors moving assets to self-custody or DeFi applications. Therefore, this removes the tokens from the potential for immediate supply.
In UNI’s case, the timing also coincides with renewed focus on its fee and burn narrative, Robinhood Chain launch, tokenized asset support, and Spark’s $150 million v4 liquidity migration. This could encourage longer holding periods.
Source: Santiment However, exchange outflows alone do not necessarily guarantee sustained accumulation. This is because later on, tokens can return to exchanges if market sentiment weakens.
Nevertheless, when combined with increasing network activity, continued decreases in exchange outflows would likely validate increased conviction among holders.
Alternatively, a reversal in exchange flow trends would indicate that the recent optimism was short-lived rather than the start of a larger trend towards accumulation.
UNI attracts fresh whale accumulation Following the drop in the exchange supply of UNI, there was also a new increase in the accumulation by a HODLer. A four-year-old wallet built a new 82.891K UNI position worth roughly $305,000, completing the purchase in three transactions at an average price of $3.68.
Source: Arkham The timing of the accumulation was notable. This is because UNI had already gained 3.33% over the past week and 23.59% over the last month. Thus, it appears that UNI’s price movement was improving even before the accumulation began.
Source: Arkham Moreover, the accumulation indicates that the wallet was responding to strengthening market conditions rather than attempting to catch a falling asset. Nevertheless, one transaction cannot determine a larger trend since even shorter-term increases in price can reverse.
If additional long-term wallets continue accumulating while UNI extends its recent gains, the improving price structure would carry stronger conviction across the market.
That aside, on-chain activity presents a mixed picture for Uniswap’s accumulation narrative.
However, both new wallet creation and unique trader growth have generally slowed down. Meanwhile, protocol fees support over 107 million UNI burned, strengthening token economics.
All this together, lasting trading activity, rather than parked capital, will determine whether tighter supply translates into sustained demand and broader price strength across upcoming market cycles instead of temporary momentum alone.
Final Summary Uniswap saw record exchange outflows, but sustained demand will determine whether accumulation continues. UNI attracted fresh whale buying, while stronger network activity could confirm a lasting recovery.
Uniswap just shipped one of the more quietly significant upgrades in DeFi this year. The DualPool hook, built for Uniswap v4, has completed its audit and is now open source, meaning any team can deploy it to start earning on both active trading liquidity and the capital that’s just sitting there doing nothing.
Here’s the thing: in traditional AMM design, a huge chunk of liquidity provider capital sits idle at any given moment. It’s committed to the pool but not actively facilitating trades. The DualPool hook turns that dead weight into a yield-generating asset by routing idle funds into vaults, including ERC-4626 yield vaults, while keeping them available when a trade needs them.
How the DualPool hook actually works Think of it like a savings account that doubles as a checking account. Your money earns interest when it’s not being spent, but it’s instantly accessible the moment you need to write a check. In DeFi terms, liquidity sits in a yield vault until a trade hits the relevant price range, at which point it gets pulled back into the pool to facilitate the swap.
In English: LPs no longer have to choose between earning trading fees and earning vault yields. They get both.
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The hook supports customization across several dimensions. Teams can set tailored tick ranges, which determine the price boundaries where their liquidity is active. They can also choose between single deposits or pooled deposit options, making the system flexible enough for both correlated pairs like stablecoin-to-stablecoin swaps and more volatile asset combinations.
Uniswap has also rolled out developer resources alongside the launch, including official documentation and livestreams aimed at walking teams through implementation.
Spark’s $150 million vote of confidence The DualPool hook isn’t launching into a vacuum. Spark, the lending and liquidity protocol associated with MakerDAO’s ecosystem, migrated $150 million in stablecoin liquidity to Uniswap v4 in June 2026. That migration was specifically designed to leverage the DualPool architecture for Spark’s FX layer, which handles conversions between different stablecoins.
Spark’s use case also illustrates why the DualPool hook is particularly compelling for stablecoins. Foreign exchange layers for stablecoins require deep liquidity to minimize slippage, but because stablecoin pairs have narrow price ranges, the vast majority of that liquidity is idle at any given time. Routing it into yield vaults while it waits is, frankly, obvious in hindsight.
What this means for investors and the broader DeFi landscape The core thesis here is capital efficiency. DualPool takes a different approach by accepting that some liquidity will always be idle and making that idle capital productive rather than trying to eliminate it.
The risk, of course, is smart contract complexity. Every additional layer of composability, vaults on top of hooks on top of pools, adds potential attack surface. The completed audit is reassuring, but DeFi history is littered with audited contracts that still got exploited. Teams deploying DualPool should be treating their vault integrations with the same paranoia they’d apply to any financial infrastructure handling meaningful capital.
For traders and investors watching from the sidelines, the key metric to track will be total value locked in DualPool-enabled pools over the coming months. If the $150 million from Spark is just the beginning and other protocols follow suit, Uniswap v4 could see a meaningful influx of sticky liquidity that makes its pools consistently deeper than the competition’s.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Analyst: Bitcoin shows signs of recovery, but its uptrend remains unconfirmed.
Bloomberg senior ETF analyst Eric Balchunas wrote that since the 250th anniversary of U.S. Independence, Bitcoin has risen around 8% cumulatively, outperforming most assets. Meanwhile, inflows into Bitcoin spot ETFs have started to rebound, with net inflows of roughly $750 million in the past week. Balchunas noted that it is still hard to fully believe this rally has established a stable trend, but it is not unexpected that Bitcoin has rebounded after its prior pullback, adding that its future trajectory remains to be seen. Early Bitcoin holders have been continuously selling assets over the past nine months, which has been weighing on prices; if these holders cease selling, Bitcoin could rally.
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Bankless co-founder: Oil prices may struggle to return to the highs of the first phase of the U.S.-Iran conflict, but will still be a headwind for inflation.
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a16z: Tokenized Stock Market Accelerates Expansion, AI and Chip Segments Rise to 15.5%
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Amazon has carried out layoffs in its Artificial General Intelligence (AGI) division.
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Uniswap’s [UNI] expansion on Robinhood Chain accelerated as liquidity providers continued allocating fresh capital. Rather than relying on isolated deposits, the protocol has attracted both fresh capital and a growing trading base.
Total Value Locked (TVL) remained below $10 million in late June before climbing rapidly past $60 million in mid-July. Momentum then strengthened further, lifting TVL above $80 million after another 30% weekly increase.
Source: Token Terminal Meanwhile, monthly active traders steadily expanded, eventually reaching 1 million, suggesting liquidity growth kept pace with user participation. This combination points to more than temporary capital rotation.
Instead, deeper liquidity appears to be reinforcing trading activity, which in turn attracts additional capital. If this balance persists, Uniswap’s expansion could indicate an increasingly self-sustaining trading ecosystem on Robinhood Chain rather than a temporary influx of speculative capital.
RWAs drive Uniswap’s growth That liquidity expansion is now revealing a broader shift in how capital is being deployed across Robinhood Chain.
Rather than concentrating around crypto-native assets alone, traders are increasingly directing liquidity toward tokenized equities. As a result, this has made the NVIDIA/USDG Pool the largest RWA market for Uniswap V4.
Despite holding $465,300 in TVL, the pool generated $3.5 million in daily trading volume, alongside $10,600 in fees and an 834% APR. Those figures suggest liquidity is circulating rapidly instead of remaining dormant, reflecting sustained trading demand rather than passive capital allocation.
Source: X More importantly, this changes what drives DEX growth. If tokenized equities continue attracting comparable activity, Uniswap’s expansion may increasingly depend on real-world asset adoption, reducing its reliance on speculative crypto cycles and creating a more diversified source of long-term liquidity.
Can UNI rally higher? Uniswap’s recent performance is now beginning to reflect on its market structure. After weeks of consolidating between $3.45 and $3.65, UNI broke higher and climbed to $3.702, gaining 1.9% on the day.
The altcoin was able to reach the previous high from mid-July, around $3.72. At this point, sellers began testing bullish conviction. Meanwhile, RSI at 63.86 continues to rise. This suggests that buying pressure remains firm without entering overbought territory.
Source: UNI/USDT on TradingView Moreover, trading volume was generally low during the breakout. However, the price did hold above $3.60 after the breakout occurred. This indicates that the buyers were being cautious against the former top of the previous trading range and establishing a new level of support.
This shift matters because successful retests often strengthen bullish structures. If demand persists above $3.60, UNI could build momentum for another attempt to clear $3.72 and extend its recovery.
Final Summary Uniswap is building sustainable growth through rising liquidity and user activity on Robinhood Chain. UNI could see stronger long-term demand as RWAs expand beyond speculative trading.
Uniswap (UNI) is maintaining a bullish outlook as it tests a pivotal resistance zone, with market participants closely watching for an imminent move. Sustained growth in decentralized exchange (DEX) activity is helping to reinforce user trust in the protocol, underlining its leadership position and building expectations for ongoing ecosystem development.
UNI Price Structure Approaches Key ResistanceUNI last changed hands at $3.50, with a daily trading volume of $136.3 million and a total market capitalization of $2.19 billion. Over the past day, the token has remained stable, while its technical formation and increasing DEX transaction volumes suggest the potential for a bullish reversal.
Technical analyst Crypto With Gopal pointed out that UNI continues to recover within a rising wedge pattern, which is generally characterized by a series of higher highs and higher lows. This pattern reflects persistent buyer activity and heightened interest in the asset.
Although the underlying bullish structure remains in place, analysts observed that price momentum is gradually slowing as UNI approaches notable resistance, which could signal that traders are bracing for a significant shift in market direction.
Impact of Uniswap DEX Volumes and User AdoptionA decisive breakout from the rising wedge—especially if combined with higher trading volumes—would likely reinforce positive momentum and may propel UNI toward the next resistance at $4. Conversely, a pullback could trigger consolidation towards important support levels on the chart.
Maintaining a close watch on technical levels and trading volumes remains critical for traders navigating the current market. Through platforms like CryptoAppsy, which requires no account setup, investors can monitor real-time prices, set smart price alerts, access detailed charts, and manage their multi-currency portfolios on a single screen. This all-in-one solution empowers users to discover newly listed altcoins, filter news by coin, and stay informed with key macroeconomic indicators such as Fed interest rates, enabling swift moves as market opportunities emerge.
Data from MSB Intel showed that Uniswap V4 led the DEX market last week, recording $7.95 billion worth of trades. This marked the protocol’s growing dominance and suggests robust user adoption amid a steadily expanding DeFi sector.
Uniswap V3 also maintained a strong position with $6.99 billion in weekly volume, while PancakeSwap AMM V3 recorded $3.26 billion. The latest rankings highlight fierce competition among top decentralized exchanges, with Uniswap’s ecosystem seen as a primary driver of confidence and sustained user interest.
Uniswap’s consistently high trading volumes signal increasing adoption by users and heightened activity in on-chain trading across the DeFi sector.
Potential Price Scenarios for UNIDespite upward price predictions and steady DEX volume growth, UNI remains in a neutral technical trajectory for now. Broader crypto market sentiment is turning more positive, which could create favorable conditions for a breakout above the rising wedge resistance if strong trading activity persists.
Should UNI manage to overcome this overhead barrier with convincing volume, analysts anticipate a quick push towards higher price targets, strengthening market optimism. If resistance holds, the token could see continued consolidation around key support levels.
The recent acceleration in Uniswap V4’s trade activity is set to play a decisive role in guiding UNI’s price action in the near term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews July 21 news, according to SoSoValue data, crypto market sectors broadly rebounded, with the DeFi sector standing out, up 2.28% in 24 hours. Within it, Hyperliquid (HYPE) rose 3.55%, DeXe (DEXE), Uniswap (UNI), and Lido DAO (LDO) rose 4.96%, 5.325%, and 11.80% respectively. Meanwhile, Bitcoin (BTC) rose 0.80%, breaking through $65,000; Ethereum (ETH) rose 1.88%, breaking through $1,900.
As for other sectors, the RWA sector rose 2.02% in 24 hours, with Maple Finance (SYRUP) up 6.13% within the sector; the PayFi sector rose 1.00%, Telcoin (TEL) up 2.62%; the Layer1 sector rose 0.62%, NEAR Protocol (NEAR) up 4.40%; the CeFi sector rose 0.22%, NEXO (NEXO) up 1.85%; the Meme sector rose 0.17%, Bonk (BONK) up 15.22%; the Layer2 sector rose 0.04%, Arbitrum (ARB) up 2.14%.
Only the SocialFi sector dipped slightly by 0.96%, where Gram (GRAM) fell 0.76%, but Chiliz (CHZ) rose 3.06%.
Uniswap’s liquidity providers have racked up $18 million in fees on the Robinhood Chain since the Layer 2 network launched its public mainnet on July 1. Uniswap crossed $1 billion in cumulative trading volume on Robinhood Chain by July 10, just nine days after launch. Daily trading volume peaked at nearly $500 million, fueled in large part by tokenized stock trading and Robinhood’s existing user base discovering DeFi for the first time.
How Robinhood Chain became a DeFi magnet overnight Robinhood Chain launched with Uniswap already deployed as the primary automated market maker. Uniswap deployed v2, v3, v4, and UniswapX simultaneously on day one, meaning the chain had functioning liquidity infrastructure from the moment it went live.
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Over $70 million in ETH was bridged to the platform during its first week of operation alone. Uniswap’s total value locked on Robinhood Chain surpassed $106 million shortly after launch.
Governance moves signal long-term commitment By mid-July, proposals emerged to extend the protocol fee structure to cover activity on Robinhood Chain. One particularly notable discussion centered on routing fees from Uniswap v4 through a mechanism called TokenJar, which would be used for burning UNI tokens on the Ethereum mainnet. The governance discussions also touched on fee activation for v2 and v3 deployments.
Beyond governance, Uniswap has introduced on-chain auctions on the platform and pursued partnerships designed to expand the Robinhood Chain ecosystem.
What this means for investors For UNI holders specifically, the governance proposals around fee activation and token burning deserve close attention. If the protocol fee switch gets turned on for Robinhood Chain, it would add a significant new revenue stream to the Uniswap protocol. The $500 million daily volume peaks represent substantial fee-generating potential.
Robinhood brought roughly 23 million funded accounts to the table when it entered crypto. The $106 million in TVL and billion-dollar volume milestone suggest that when you reduce friction and pair decentralized infrastructure with a familiar brand, retail traders are willing to make the jump.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap just moved more than $15 billion in trading volume in a single week. To put that in perspective, that’s roughly the annual GDP of Iceland, except it happened on a protocol that nobody technically owns and that runs 24/7 without a lunch break.
The figure places Uniswap well ahead of every other decentralized exchange by volume. But what’s making this milestone particularly interesting isn’t just the raw number. It’s the convergence of new chain integrations, institutional partnerships, and governance moves that suggest the protocol is entering a fundamentally different phase.
What’s driving the volume surge Uniswap v4 has been steadily onboarding new networks, and one of the more notable additions is Robinhood Chain, which recorded $6 billion in trading volume as of July 19. That’s a single chain contributing nearly 40% of the protocol’s weekly haul.
In late June, Spark migrated $150 million in liquidity to Uniswap v4. Moves like that don’t just add depth to order books. They signal confidence from major DeFi players that v4’s architecture, with its hook-based customization and improved capital efficiency, is worth building on.
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Governance gets aggressive on UNI burns Between July 19 and July 26, Uniswap’s governance process advanced votes focused on activating protocol fees across multiple chains, with the explicit goal of using those fees to support UNI token burns.
Protocol fees get collected from trading activity across chains, then channeled into buying and burning UNI. With $15 billion flowing through the protocol weekly, even a small fee percentage translates into substantial burn pressure.
Uniswap Labs also allocated a $20 million annual growth budget for UNI at the start of 2026, giving the team resources to fund ecosystem development, incentive programs, and strategic partnerships without constantly going back to governance for spending approvals.
The institutional bridge keeps widening The involvement of entities like BlackRock in Uniswap’s ecosystem represents a quiet but significant evolution. Traditional finance isn’t just buying Bitcoin and parking it in cold storage anymore. It’s engaging with DeFi infrastructure directly, using decentralized liquidity pools for tokenized asset trading.
The Robinhood Chain integration is particularly telling. Robinhood has spent years building a retail brokerage audience, and now that audience has a direct pipeline into Uniswap’s liquidity.
What this means for investors Protocol fees tied to volume create a direct link between Uniswap’s usage and UNI’s scarcity. If weekly volume stays anywhere near $15 billion and fees are activated even at modest rates, the annualized burn could become a significant percentage of UNI’s circulating supply.
The risk side of the equation centers on regulatory uncertainty and smart contract exposure. Uniswap has already faced scrutiny from the SEC in prior years. The protocol’s decentralized nature provides some insulation, but the Labs entity behind it remains a potential target. Meanwhile, v4’s hook system introduces new smart contract surface area that hasn’t been battle-tested at this scale for very long.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap governance is preparing to vote on two proposals that could expand the protocol’s UNI burn by adding new fee sources from Uniswap v4 and Robinhood Chain.
Summary
Uniswap voters will decide whether v4 and Robinhood Chain fees should expand the UNI burn. Robinhood Chain crossed $6 billion in cumulative Uniswap swap volume within ten days of launch. New protocol fees would flow into TokenJar contracts before UNI is burned on Ethereum mainnet. The measures are scheduled for onchain voting from July 19 through July 26.The proposals follow the UNIfication overhaul approved in December 2025, which connected protocol fees to a UNI burn system. Uniswap founder Hayden Adams said current trading activity, especially on Robinhood Chain, could increase the amount of UNI removed from circulation. The votes use an expedited governance process created for later fee updates.
Two votes target v4 and Robinhood Chain fees The official Robinhood Chain protocol fee proposal would activate protocol fees for Uniswap v2 and v3 on the network. Uniswap launched all three versions of its decentralized exchange on Robinhood Chain when the layer-2 network went live on July 1.
According to the proposal, Uniswap deployments on Robinhood Chain crossed $6 billion in cumulative swap volume by July 10. The separate Uniswap v4 fee proposal would activate fees for selected pools on Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism and Robinhood Chain. A second v4 vote is planned for five other networks.
New protocol fees would feed the UNI burn Both proposals would direct collected protocol fees into Uniswap’s existing TokenJar system. Searchers can claim accumulated fee assets by providing UNI of equal value, which the system then sends to a burn address. UNI collected on other networks is bridged back to Ethereum before it is destroyed.
Adams said in his announcement on X, “Based on current volumes, especially Robinhood, we expect the impact on UNI burn to be substantial.” The proposal documents say protocol fees are already active across v2 and v3 pools on 11 networks. They also record a one-day burn of 186,000 UNI last month.
We just submitted two Uniswap governance proposals for final onchain vote:
(third proposal with remaining v4 chains coming soon)
Both direct all new… pic.twitter.com/NUCXxegnte
— Hayden Adams 🦄 (@haydenzadams) July 17, 2026 As reported by crypto.news, Uniswap had already recorded its largest single-day UNI burn before the latest governance push, showing how higher fee activity can increase the number of tokens removed through the mechanism.
Robinhood Chain activity raises the stakes Robinhood Chain has quickly become a major source of Uniswap trading activity since its July launch. As reported by crypto.news, the network reached $500 million in daily Uniswap volume within eight days and moved behind only Ethereum mainnet for daily activity at that stage.
Crypto.news also reported that Robinhood Chain attracted more than $70 million in bridged Ether during its first week, while total value locked moved above $106 million. The new fee proposals would allow Uniswap governance to capture part of the trading activity generated on the network and route it into the burn mechanism.
The Robinhood proposal uses the same cross-chain governance pattern applied to Arbitrum One. If approved, governance messages would travel from Ethereum to Robinhood Chain, where contracts would redirect the relevant protocol fees toward TokenJar.
Uniswap v4 requires a different fee system Activating fees on v4 requires a different structure because v4 pools can use hooks and dynamic fees. The proposal introduces a V4FeePolicy contract to calculate protocol fees and a V4FeeAdapter to apply governance rules and collect the proceeds.
The first v4 vote covers three categories: static-fee pools, pools launched through continuous clearing auctions and aggregator-hook pools. A later proposal will cover Celo, Soneium, Worldchain, X Layer and Zora because Uniswap’s GovernorBravo contract limits the number of actions in one governance proposal.
Uniswap’s fee-switch model has linked protocol activity with UNI burns since the UNIfication overhaul. The July votes would extend that system to v4 for the first time and add Robinhood Chain’s v2 and v3 activity if governance approves both measures.
Key Takeaways Uniswap community will vote on two critical governance proposals from July 19 through July 26 First proposal introduces v4 protocol fee activation spanning seven blockchain networks Second proposal enables fee collection for v2 and v3 deployments on Robinhood Chain All generated fees will contribute to the active UNI token burn protocol Within just ten days of going live, Robinhood Chain recorded over $6 billion in total Uniswap swap activity The Uniswap decentralized exchange is preparing for a pair of governance decisions that may substantially increase the rate at which UNI tokens are permanently removed from circulation. The voting window begins on July 19 and concludes on July 26.
Uniswap (UNI) Price The initial proposal seeks to implement protocol fee collection on designated Uniswap v4 liquidity pools. The scope encompasses Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism, and Robinhood Chain. This marks the inaugural governance vote concerning v4 fee activation.
We just submitted two Uniswap governance proposals for final onchain vote:
(third proposal with remaining v4 chains coming soon)
Both direct all new… pic.twitter.com/NUCXxegnte
— Hayden Adams 🦄 (@haydenzadams) July 17, 2026
The companion proposal, introduced by Uniswap’s creator Hayden Adams, aims to enable fee collection for v2 and v3 protocols operating on Robinhood Chain. All three protocol iterations were deployed to the network during its July 1 launch date.
As an Ethereum Layer 2 solution constructed using Arbitrum’s underlying technology, Robinhood Chain achieved a remarkable milestone. Its Uniswap implementations processed more than $6 billion in aggregate swap volume by July 10—a stunning achievement within merely ten days of operation.
Market analyst BATMAN, active on X under the handle @CryptosBatman, drew attention to UNI’s positive trajectory on July 13. He emphasized that UNI serves as the dominant automated market maker powering Robinhood Chain, thereby generating additional protocol revenue. His technical analysis revealed breakout patterns, with a retest level identified as an attractive entry point.
$UNI has been gaining traction.
This is due to the bullish sentiment created by Robinhood.
UNI is the primary automated market maker for Robinhood Chain, which adds more revenue for them.
The chart is pricing it in through a breakout.
A retest would make a solid entry area. pic.twitter.com/DV036wBm0D
— BATMAN ⚡ (@CryptosBatman) July 13, 2026
Each proposal channels collected fee revenue through Uniswap’s TokenJar infrastructure. Under this system, searchers can claim accrued fee assets by submitting an equivalent value in UNI tokens. The submitted UNI is subsequently transferred to a designated burn address for permanent removal. Fee collections originating from alternative chains are bridged to Ethereum mainnet prior to destruction.
Adams stated on X: “Based on current volumes, especially Robinhood, we expect the impact on UNI burn to be substantial.”
Understanding v4 Fee Architecture Implementing fee collection on v4 necessitated developing novel infrastructure components. While v2 and v3 operate with predetermined fee percentages, v4 pools leverage hooks and adaptive fee structures that can fluctuate with each block.
The current proposal establishes a V4FeePolicy contract responsible for fee calculation alongside a V4FeeAdapter that enforces governance parameters. Pools are organized into designated “families” with fees determined through rule-based algorithms rather than individual pool configuration.
An additional v4 voting round addressing five supplementary chains—Celo, Soneium, Worldchain, X Layer, and Zora—will proceed independently. Uniswap’s GovernorBravo smart contract architecture restricts individual proposals to a maximum of ten onchain operations.
UNI Token Burns Leading Up to the Vote The UNI burn framework debuted as a component of the comprehensive “UNIfication” governance reform approved in December 2025 with overwhelming 99.9% community approval. That historic decision enabled fee collection across v2 and v3 pools on Ethereum mainnet while immediately burning 100 million UNI from the protocol treasury.
The initiative has subsequently expanded across 11 blockchain networks. Last month witnessed a historic single-day burn of 186,000 UNI tokens.
UNI is presently trading near the $3.50 price level.
Uniswap is about to flip the fee switch on its newest protocol version, and the community seems pretty enthusiastic about it. On-chain voting for two proposals that would activate protocol fees on select v4 pools across 11 chains is set to begin around July 19, 2026, following a temperature check where 93% of voters backed the move.
That temperature check, which ran from July 7-12, saw 13.9 million UNI vote in favor versus just 1 million against.
What the fee activation actually looks like The proposal targets three specific categories of v4 pools: static fee pools without hooks, continuous clearing auction pools, and aggregator hook pools. If you’re wondering what hooks are, think of them as customizable plug-ins that let developers tweak how liquidity pools behave. Uniswap v4, which launched on January 31, 2025, introduced this modular architecture as its signature feature.
The fee structures aren’t uniform across all pools. On Base, stablecoin pools would carry a 10 basis point fee. Certain aggregator hooks would get a 25x multiplier applied. The collected fees won’t just sit around on whatever chain they’re generated on. They’ll funnel into what Uniswap calls TokenJars on their respective chains before being bridged back to Ethereum.
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Once those fees land on Ethereum, they get directed to the 0xdead address for permanent burning, reducing total supply.
This isn’t Uniswap’s first rodeo with fee-driven burns. The December 2025 UNIfication vote initiated protocol fees for v2 and v3 pools, and the results have been tangible. Uniswap recently recorded a single-day burn of 186,000 UNI from v2/v3 fees alone. Now the protocol wants to extend that same economic engine to its latest version.
From governance token to deflationary asset UNI spent years as a token whose primary utility was voting on proposals. The UNIfication package that passed in late 2025 fundamentally changed that equation by creating a direct link between protocol revenue and token supply reduction.
Extending this to v4 pools across 11 chains, including Ethereum and Base, significantly broadens the fee collection surface area. The protocol isn’t just adding fees to a few pools on mainnet. It’s building a multi-chain revenue pipeline that ultimately compresses back to a single deflationary action on Ethereum.
The liquidity provider concern Not everyone’s celebrating. Some community members have raised concerns about what protocol fees mean for liquidity providers. When the protocol takes a cut, that fee comes from somewhere, and that somewhere is often the returns that LPs would otherwise pocket.
The 93% approval rate suggests most governance participants believe the tradeoff is worth it, but governance voters and liquidity providers aren’t always the same people. Large UNI holders who benefit from burns might vote differently than someone running a concentrated liquidity position on a stablecoin pair.
For investors tracking the UNI token specifically, the expansion of fee collection to v4 pools across 11 chains materially increases the burn rate potential. The 186,000 UNI single-day burn from v2/v3 alone demonstrated real economic impact. The on-chain vote starting around July 19 will determine whether that thesis gets tested in production.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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As US-Iran tensions continue to evolve, the Federal Reserve will enter its pre-meeting blackout period next week, with no major US data releases that could influence its rate-setting meeting. Traders will turn their focus to Europe. Below are the key market focus points for the coming week (all times Beijing): - Tuesday 20:15: US ADP employment change for the week ended July 4 - Thursday 20:15: European Central Bank (ECB) interest rate decision - Thursday 20:45: ECB President Lagarde holds a monetary policy press conference - Friday 07:30: Japan’s June core CPI year-on-year rate Dozens of companies will release their Q2 earnings next week. Tesla will announce its earnings in the early hours of Thursday, July 23 (Beijing time); BlackRock will release its results ahead of US stock market opening on July 23 (Beijing time); Intel will report earnings in the early hours of Friday, July 24 (Beijing time).
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A whale transferred 19,235 ETH to Binance, worth approximately $35.34 million.
According to YuEmber monitoring, geministar.eth transferred 19,235 ETH (worth approximately $35.34 million) to Binance 15 minutes ago.
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Robinhood addresses controversy: Its support for Trump’s account is aimed at inclusive finance, not to encourage gambling-style trading.
According to The New York Times, as Robinhood integrates prediction markets into its app, external concerns have grown over the platform’s potential to exploit young, inexperienced investors. Additionally, many still associate Robinhood with the meme stock craze that swept markets years ago, and the firm was a key driver of that phenomenon. Today, Robinhood aims to be seen as more than those labels. The company has become one of the entities operating the Trump Accounts program, which gives Robinhood the chance to build closer ties with the next generation of investors while further strengthening its relationship with Washington’s political establishment. Robinhood CEO Vlad Tenev responded that the move is not to encourage speculation, but to expand financial inclusion and help more U.S. households participate in long-term investing. Currently, Robinhood has adjusted some product designs and is working to transition from a “speculative trading platform” to a broader financial services firm.
Uniswap, the decentralized exchange protocol, is moving forward with two major governance proposals that could activate protocol fees on several chains and strengthen the UNI token burning mechanism. The community is set to vote on these initiatives, with the window closing on July 26.
Key proposals target UNI Burn and protocol fee expansionHayden Adams, founder of Uniswap, indicated that the potential approval of these proposals could have a substantial impact on the UNI Burn mechanism. The measures are designed to introduce fee collection for certain liquidity pools for the first time on Uniswap v4 and expand fees on v2 and v3 pools operating on Robinhood Chain.
In a statement on social media, Adams outlined the specifics: one governance proposal seeks to enable protocol fees in Uniswap version 4 liquidity pools across Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism, and Robinhood Chain. A secondary proposal will address additional v4 chains, given Uniswap’s GovernorBravo contract’s technical constraint of 10 actions per proposal.
Both voting initiatives, if approved, will implement protocol fee collection on static fee pools, continuous clearing auction pools, and aggregator hooks pools, providing more streamlined fee management across supported chains for Uniswap’s newest iteration.
Technical structure and planned rolloutUniswap v4 introduces flexible pool fees based on a hook system, allowing fees to vary from block to block for more responsive management. The proposal includes organizing pools into “families,” so standardized rules could dictate fee structures for different pool types, minimizing the need for separate votes on each individual pool.
Uniswap v2 and v3 pools, meanwhile, continue to rely on fixed fee rates per protocol rules. Under the latest proposals, these versions would see fees activated specifically on Robinhood Chain, which is backed by Arbitrum blockchain infrastructure.
Robinhood Chain, launched as an Ethereum Layer-2 mainnet on July 1, is a blockchain secured by Arbitrum technology. It integrates directly with the Robinhood trading ecosystem, and since launch, its decentralized exchange volume reached roughly $3.1 billion within the first week, largely driven by active trading in memecoins.
Mini dictionary: Robinhood Chain, an Ethereum Layer-2 blockchain utilizing the Arbitrum architecture, is built to support fast and cost-efficient transactions and is connected to the Robinhood trading platform.
Uniswap VersionFee StructureTargeted ChainsProposal Scopev2/v3FixedRobinhood ChainActivate protocol feesv4Flexible (by hooks)Ethereum, Base, Arbitrum, BNB, Polygon, Optimism, Robinhood ChainActivate protocol feesGovernance, UNI burning and network expansionHistorically, Uniswap governance decided in December to burn 100 million UNI tokens from its treasury after a vote passed with 99.9% support, enabling protocol fees for v2 and v3 pools on Ethereum mainnet. However, protocol fees for v4 were delayed as its infrastructure was not yet in place. The recent push expands the fee system across 11 blockchains, reflecting Uniswap’s larger strategy to increase platform revenues and enhance token scarcity through regular burning events.
In the past month, Uniswap set a record by burning nearly 186,000 UNI in a single day. Both new proposals leverage Uniswap’s accelerated governance framework, implemented through the Unification upgrade. This process allows for faster progression to on-chain voting, provided proposals pass an initial five-day Snapshot poll. The expanded protocol fee discussions have been underway since February.
Should the proposals be approved, the resulting fees from operations across multiple blockchains are set to directly support the token burn mechanism, reinforcing a governance upgrade that was already implemented across other versions of the platform.
Since the launch of Robinhood Chain’s Ethereum Layer-2 mainnet on July 1, Uniswap’s cumulative swap volume on the network surpassed $6 billion by July 10, reflecting the high user engagement and liquidity infusion driven by this integration.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Uniswap (UNI), one of the largest decentralized exchanges in the crypto sector, is showing potential signs of recovery after a period of sustained declines. Buyers have managed to hold key support levels, while resistance zones remain a focus for any further upside movement.
Key support and resistance zones in focusAt the current valuation, UNI trades at $3.53, recording a 24-hour trading volume of $164.98 million. The platform’s total market capitalization stands at $2.21 billion. Despite a 2.38% decline within the last day, analysts point to encouraging signals in both price structure and total value locked (TVL) growth, which could pave the way for a bullish reversal if momentum strengthens.
Technical analysis shows UNI’s price hovering near $3.567 on the weekly chart. Buyers are actively defending the long-term support zone between $3.20 and $3.50. Although the token has stabilized after an extended downtrend, analysts stress the importance of stronger buying volume to confirm any reversal in trend.
Crypto analyst The Boss emphasized significant resistance markers at $5.034, $7.240, $8.928, and $11.881. He suggested that a sustained breakout above $5.034 on the weekly chart could drive improved sentiment and potentially lead UNI to target higher resistance levels.
Resistance at $5.034 is a critical threshold; a breakout could send UNI toward the $7.240 level, with further gains possible if buying pressure increases.
Should support at $3.20 fail to hold, analysts warn of a possible continued sell-off, with prices potentially dropping toward the $2.50-$2.00 range. Maintaining this support could establish a base for potential recovery.
Robinhood Chain boosts Uniswap’s DeFi activityUniswap’s ecosystem adoption has received a significant boost thanks to increased activity and liquidity on Robinhood Chain, a blockchain network closely integrated with the Robinhood trading platform.
Recent data from Token Terminal reveals that Uniswap’s TVL on the Robinhood Chain has doubled within the past week, now totaling approximately $60 million. This sharp rise indicates surging liquidity and user engagement within the decentralized finance (DeFi) network.
Mini dictionary: Robinhood Chain, a blockchain network developed to support decentralized applications and cryptocurrency trading, is connected with the Robinhood retail trading app and facilitates direct DeFi integration for users.
Uniswap’s monthly active users on Robinhood Chain have approached one million, with the figure recently reaching around 880,000. This rapid increase signals growing adoption and demand for Uniswap’s services within new blockchain environments.
MetricCurrent ValueChange (Last Week)UNI Price$3.53-2.38%Robinhood Chain TVL$60 million+100%Weekly Resistance$5.034N/AMonthly Active Users~880,000Significant growthMacro sentiment remains cautiousAlthough Uniswap’s DeFi activity is expanding, UNI’s price remains under downward pressure. This persistent weakness is partly attributed to a cautious mood across the broader crypto market, as Bitcoin also trades lower, influencing sentiment throughout cryptocurrencies.
Analysts suggest market recovery could accelerate if broader buying pressure returns and Uniswap breaks through noted resistance levels. Until then, technical factors and ecosystem adoption will remain key variables influencing short-term price movements.
Uniswap’s rapid TVL and user growth on Robinhood Chain highlight expanding user interest, but a decisive market reversal may depend on sustained buying volume and improvements in the overall crypto environment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Uniswap has officially submitted three governance proposals for protocol fee activation across several chains and different versions of the DEX.
The first fee proposal will be for versions 2 (V2) and 3 (V3) on the Robinhood chain. The new Ethereum L2 debuted this month, attracting several DEXes, including Uniswap. About 10 days after launch, Uniswap crossed $1B in trading volume – ultimately showing its growing traction.
Similarly, the project seeks to activate fees on V4 across Ethereum, Base, Arbitrum, Robinhood, BNB Chain, Polygon and Optimism. Hayden Adams, Uniswap’s CEO, added that a third fee proposal for remaining V4 chains will also be submitted soon.
Adams said,
Both direct all new protocol fees into the existing UNI burn mechanism. Based on current volumes, especially Robinhood, we expect the impact on UNI burn to be substantial.
Mixed reactions to Uniswap’s fee proposal For clarity, fees are what users pay for each swap on the DEX, and they mostly go to liquidity providers (LPs). Protocol revenue (which is partly directed for UNI burn) is a percentage of the swap fees that goes to the project after a governance vote.
In other words, such proposals would directly reduce fees collected by LPs. As such, it was not surprising that some LP providers like Gamma Strategies opposed V4 fee proposals because they would affect their lifeline.
Still, Gamma Strategies made a sound argument for their opposition, noting that Uniswap V4 was still not competitive enough and the fees would make it lose to rivals.
It (V4) still lags Uniswap V3 in terms of volumes, and there’s evermore increasing competition from AMMs, propAMMs, RFQ’s, and spot limit order book DEX’s such as Lighter/Hyperliquid.
Source: Uniswap governance That said, Uniswap has only activated fees across a few chains and versions. However, most of the fees collected go to LPs.
In fact, LPs have made a whopping +$5B in cumulative fees since 2018. Yet, the protocol has made only $25M in cumulative revenue.
Source: DeFiLlama If the proposal goes through and is balanced with competition, more protocol revenue would translate to more UNI burn rates, as Adams projected.
That said, the project has now burned a total of 107.49M UNI tokens. UNI burn rate surged 3x from $51K to over $160K in the past week.
Can UNI extend its July rally? The Robinhood traction was front-run by traders as the Uniswap [UNI] price surged. In July, UNI price surged 41% from $2.7 to $3.8.
But the bullish strength has eased as the price stalled below the 200-day Moving Average (blue line). As such, price could remain sideways above $3.5 or slip to $3 if Robinhood momentum stabilizes.
Source: UNI/USDT, TradingView But the next move higher could be triggered by renewed Robinhood momentum and if the fee proposals drive more UNI burn.
Final Summary Uniswap pushes three fee protocol fee proposals to accelerate UNI burn. Currently, Uniswap LPs have accrued over $5B while the protocol makes relatively little revenue
Uniswap founder Hayden Adams has proposed expanding protocol fees across Uniswap v4 and several network deployments, putting one of DeFi’s longest-running governance debates back at the centre of the market.
Protocol fees are a sensitive topic for Uniswap because the exchange is one of DeFi’s most important pieces of infrastructure. It processes huge volumes, sits across multiple chains, and remains a core liquidity venue for tokens. But for years, the question has been whether that usage should translate into direct economic value for the protocol and UNI governance.
The new proposal, published through Uniswap governance, targets protocol-level fee activation across multiple deployments, including v4 pools and the newly launched Robinhood Chain.
For UNI holders and DeFi users, this is not just a technical governance item. It goes to the heart of how DeFi protocols should capture value.
Reference: Uniswap Governance Forum
TL;DR Hayden Adams has proposed expanding Uniswap protocol fees across several network deployments. The proposal includes v4 pools and Robinhood Chain activity. The debate matters because it could reshape how Uniswap captures value from its own trading infrastructure. Why Protocol Fees Matter For Uniswap Uniswap is widely used, but usage and token value have not always moved together.
That has been one of the biggest debates around UNI. The protocol is critical to DeFi, but the token has often struggled with the question of direct value capture. Governance rights matter, but investors also want to know whether protocol activity can translate into a stronger economic model.
Protocol fees are one possible answer.
If activated, a portion of trading fees can be routed to protocol-controlled mechanisms rather than flowing only to liquidity providers. That can create a clearer link between exchange activity and the protocol’s treasury, buyback/burn mechanics, or other governance-directed uses.
The details matter. Fee rates, affected pools, chain selection, and how collections are handled can all change how traders, liquidity providers, and token holders respond.
For Uniswap, the challenge is balancing value capture with liquidity competitiveness. If fees are too aggressive, liquidity may migrate. If fees are too light, token holders may see little impact.
Multi-Chain DeFi Makes The Debate Harder Uniswap is no longer just an Ethereum mainnet protocol.
It exists across multiple networks, and v4 is designed to make liquidity architecture more flexible. That multi-chain footprint creates opportunity, but it also makes governance more complicated.
Different chains have different users, fee environments, liquidity profiles, and competitive pressures. A fee model that works on Ethereum may not work the same way on Base, Arbitrum, Optimism, BNB Chain, Robinhood Chain, or Polygon.
That is why this proposal matters. It is not only about turning on a switch. It is about deciding how Uniswap should operate as a cross-chain liquidity protocol.
The governance materials note that fee collections would be routed into TokenJars and claimed for burning through UNI bridging to mainnet. That kind of structure shows how much DeFi governance has evolved. Fee activation now involves not just a governance vote, but cross-chain accounting, collection mechanisms, and execution details.
The more networks Uniswap supports, the more important those mechanics become.
What UNI Holders Will Be Watching UNI holders will likely focus on whether the proposal creates a clearer path for token value.
That does not mean the market will instantly reprice UNI. Governance proposals can take time, and implementation matters more than the headline. But the direction is important. If Uniswap can show a credible method for turning protocol volume into economic value, the token’s investment case becomes easier to explain.
Liquidity providers will be watching from another angle.
They want to know whether protocol fees reduce their share of trading economics and whether any fee changes make certain pools less attractive. DeFi liquidity is mobile. If LPs believe another venue offers better returns, they can move.
Users care about execution quality. If fee activation damages liquidity or worsens pricing, traders may notice. If the change is small enough to preserve competitiveness, users may barely feel it.
That is the balance Uniswap governance has to strike.
DeFi Is Moving From Growth To Value Capture The proposal also says something bigger about DeFi’s maturity.
Early DeFi was mostly about growth: liquidity, volume, users, integrations, and TVL. Mature protocols eventually face a different question: how does that activity support long-term economics?
Uniswap is one of the clearest examples because it is both widely used and heavily scrutinised. If a protocol of its size cannot find a sustainable value-capture model, investors will keep asking difficult questions about governance tokens across the sector.
That is why this debate reaches beyond Uniswap.
Other DeFi protocols are watching the same issue. They need to reward users, keep liquidity, satisfy governance, and avoid creating regulatory problems. Protocol fees sit right at the intersection of those pressures.
For now, the proposal gives the market a fresh reason to pay attention to UNI governance. It may not settle the value-capture debate immediately, but it moves the discussion into a more concrete phase.
If approved and implemented cleanly, it could become one of the more important DeFi governance developments of the year.
This article is based on the Uniswap governance forum.
This article was written by the News Desk and edited by Samuel Rae.
@Uniswap recorded $16.6 billion in trading volume over the past seven days, more than the next four decentralized exchanges combined, according to DefiLlama data. The figure cements its position as the dominant force in decentralized trading by a margin that rivals struggle to meaningfully close.
The Rankings at a Glance@PancakeSwap holds second place with $3.79 billion in weekly volume, followed by @Pumpfun at $2.64 billion, @AerodromeFi at $2.5 billion, and @ManifestTrade at $1.11 billion. Combined, those four protocols account for roughly $10 billion, still well short of Uniswap's single-protocol total. Across the top five, @Uniswap commands approximately 62% of all volume.
What makes the gap more striking is the structural context. @Uniswap operates across 47 chains, giving it a breadth that few protocols can match. @AerodromeFi and @Pumpfun each run on a single chain and still managed to crack the top four, a sign that concentrated liquidity and strong product-market fit can carry significant weight even without multi-chain reach.
A Growing Market, One Clear LeaderTotal DEX volume across all protocols rose 7.41% on the week, pointing to broad-based growth rather than a simple shift of liquidity toward Uniswap. Protocols like Uniswap that operate across multiple contract versions, such as V2, V3, and V4, typically report aggregate figures combining activity across all active deployments, which contributes to the scale of its headline number.
Platforms like DefiLlama provide near-real-time aggregation across hundreds of protocols simultaneously, making the weekly rankings one of the most closely watched indicators of momentum in decentralized finance. Each trade recorded in DEX volume represents real capital committed to a swap, and unlike centralized exchange volume, which can include synthetic or wash-traded activity, DEX volume reflects genuine on-chain economic activity.
The concentration of volume at the top of the DEX rankings raises a straightforward question for the rest of the market: with @Uniswap entrenched across nearly every major chain and its multi-version architecture drawing liquidity at scale, closing that gap will require more than incremental improvements from challengers.
Sources
DefiLlama: DEX Volume Rankings
The Block: DEX Analytics and Market Share
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
@RobinhoodCrypto's Ethereum Layer 2 network is only 16 days old, and it is already moving serious money. Robinhood Chain recorded $5.254 billion in weekly DEX volume, a 490% jump week over week, according to DefiLlama data. For a chain that only opened its public mainnet on July 1, 2026, the numbers are difficult to ignore.
Uniswap Is Doing Almost All of the Work The volume story is largely a single-protocol story. @Uniswap accounted for $588.93 million of the $594.74 million traded on the chain in the most recent 24-hour window, making every other protocol on Robinhood Chain a rounding error by comparison. That concentration reflects Uniswap's position as the designated public liquidity layer on the network, a role it was given at launch alongside infrastructure partners including Chainlink, BitGo, and Morpho.
Robinhood Chain was built on Arbitrum's Orbit technology and settles to Ethereum as an optimistic rollup. The chain was unveiled at Robinhood's "The World Is Flat" event in London and was positioned from the outset as infrastructure for tokenized real-world assets, offering stock tokens available in more than 120 countries alongside a DeFi lending product called Robinhood Earn, which routes user deposits into a Morpho-powered USDG vault at an estimated 7% annual yield.
Strong Flows, But TVL Lags the Volume The gap between trading activity and capital locked on the chain is wide. DeFi TVL stands at $220 million against $5.25 billion in weekly volume, with $816 million bridged into the network. The chain itself booked $175,178 in revenue in a single day, a meaningful figure for a network still in its first weeks.
The chain's stated focus on tokenized real-world assets remains a small part of the actual activity. Early volume has been driven heavily by speculation, including a surge in meme coin trading, rather than the tokenized stock use case Robinhood originally advertised. Still, the raw throughput has been enough to push Robinhood Chain into the top tier of DEX networks globally. On July 12, the chain ranked second in 24-hour DEX volume across all networks, trailing only Solana, according to DefiLlama data.
The chain launched with a built-in distribution advantage that most new L2 networks do not have. Robinhood operates a brokerage serving nearly 28 million customers, giving the network a ready-made audience from day one. Whether that early volume converts into sustained DeFi activity and genuine RWA adoption will be the question to watch in the weeks ahead.
Sources
Robinhood Chain on DefiLlama: TVL, Volume and Revenue
CoinDesk: Robinhood Rolls Out Public Blockchain
Bitcoin.com: Robinhood Chain Surges Past $3 Billion in DEX Volume
Robinhood Chain Emerges as a Top Liquidity Destination@RobinhoodCrypto Chain has quickly established itself as one of the most active networks in decentralized finance. The chain processed over $5.2B in transaction volume in a single week, a remarkable figure for a network that only went live on July 1, 2026.
The broader growth story is well-documented. Robinhood Chain crossed $500 million in 24-hour decentralized exchange volume on July 8, barely seven days after its public mainnet went live. The chain is a permissionless Ethereum Layer 2 built on the Arbitrum Orbit stack, designed from day one around tokenized real-world assets. Notably, daily active users climbed from 33,000 at launch to 194,000 within seven days, while daily transactions climbed from 680,000 to 7 million.
Pons Drives Much of the On-Chain ActivityA significant share of this volume is being generated by @ponsdotfamily, a new token launchpad operating natively on the chain. According to @BSCNews, Pons facilitated more than $162M in trading volume within its first 96 hours of operation. Pons is a non-custodial launchpad on Robinhood Chain that enables users to launch and discover fixed-supply tokens. The platform channels all WETH fees collected from token launches into $PONS buybacks, while $PONS transaction fees are fully burned, creating a deflationary loop driven by launchpad activity.
The momentum behind Pons has been notable even in a crowded launchpad landscape. Pons-generated assets recorded more than $82 million in daily trading volume, with Pons Family and Flap each reportedly processing more than 10,000 deployments.
Underpinning this activity is a strategic integration with @Uniswap. The bulk of DEX activity on Robinhood Chain came from Uniswap's WETH trading pairs. Rather than building its own trading infrastructure from scratch, Robinhood opted to partner with battle-tested projects like Uniswap and Chainlink, giving launchpad tokens like those on Pons immediate access to deep, reliable liquidity from day one. The most popular exchange to buy and trade Pons is Uniswap V4 (Robinhood), where the most active trading pair PONS/USDG recorded significant recent volume.
The key question now is whether the surge reflects durable demand or an early speculative wave. The chain's future hinges on whether speculative memecoin traders convert into users of its tokenized equity and real-world asset offerings.
Sources:
Crypto Briefing: Robinhood Chain DEX volume exceeds $500M in 24 hours
CoinDesk: Robinhood's blockchain finds early success, thanks to memecoins
U.Today: Robinhood Chain's New ATH and Pons launchpad activity
Robinhood’s blockchain experiment is no longer an experiment. The company’s Ethereum Layer 2 network, built on the Arbitrum stack, has crossed $400 million in total value locked, a milestone that puts it ahead of several chains that have been around for years.
For a network that launched on July 1, the speed of capital accumulation is striking. Robinhood Chain sat at roughly $39 million just three days after going live, cracked $100 million within its first week, and blew past $379 million by mid-July.
Where the money is flowing Morpho, a lending market, accounts for roughly $133 million of the total, making it the single largest contributor to Robinhood Chain’s TVL. Uniswap follows with approximately $55 million. Those two alone represent a significant chunk of the ecosystem’s DeFi activity, which DefiLlama pegs at around $207 million.
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Cumulative decentralized exchange volumes on the chain surpassed $650 million within a 24-hour window shortly after launch.
The stablecoin market cap within the ecosystem sits near $357 million, predominantly featuring USDG.
The network has processed over 52 million transactions and supports nearly 1 million addresses.
The TradFi-to-DeFi bridge play The network supports Stock Tokens linked to major equities like NVDA, AAPL, and TSLA, essentially creating tokenized versions of blue-chip stocks that can exist on-chain. Partnerships include Uniswap for liquidity infrastructure and Chainlink for oracle services.
What this means for investors Robinhood’s brokerage app has tens of millions of users who are already comfortable trading stocks and crypto. The $400 million TVL milestone also puts Robinhood Chain in a tier where it starts showing up on institutional radar.
Rapid TVL growth in new ecosystems is sometimes fueled by token incentives or yield farming programs that create artificially high returns. When those incentives dry up, capital tends to leave as quickly as it arrived.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Concentrated liquidity was supposed to be the fix for capital efficiency on decentralized exchanges. A new study suggests the job is only half done.
New research from onchain analytics platform @Dune, commissioned by 1inch, found that 85% of concentrated liquidity on decentralized exchanges, roughly $1.6 billion out of $1.84 billion tracked, is underutilized at any given time. Of that, about $542 million sits completely idle in an average week, earning nothing and providing no market depth whatsoever.
The Scope of the Problem@Dune tracked four major concentrated-liquidity platforms, @Uniswap v3 and v4, @PancakeSwap v3, and @AerodromeFi Slipstream, across seven blockchains, taking weekly snapshots between January 6 and June 30, 2026. The study covered the top 200 pools by trading volume on each platform, holding that group fixed across all 26 weeks to give a consistent panel averaging $1.84 billion in tracked capital.
Across the 26 weeks tracked, an average of 29.5% of liquidity sat in a fully idle state, spiking to around 41% in early February. In DeFi, liquidity providers deposit funds into a price range where they expect trading to happen, earning fees whenever a trade occurs within that range. When the market price moves outside that range, the deposited funds stop earning anything, simply sitting there until the price moves back or the provider adjusts their position.
The research also found that idle capital is overwhelmingly held by individual wallets rather than automated systems. On @Uniswap v3, individual wallets accounted for 82% to 94% of idle dollars across the chains studied, while capital managed by contract-based systems and active market makers stayed in range far more reliably. That pattern points to a straightforward behavioral problem: retail providers set a range and walk away.
The cost of that inaction is significant. Idle liquidity providers gave up roughly $150 million in annualized fees, according to the original research. That figure sits alongside a broader structural irony: concentrated liquidity was designed to be more efficient than the older v2 model, where 99% of capital went unused. It is, but not by enough to eliminate the problem.
Newer Designs Have Not Solved ItNo single platform design avoided the problem. Comparing the same trading pairs across different venues, idle rates shifted from pair to pair rather than favoring one protocol over another. Even @Uniswap v4, the newest of the platforms studied, showed idle rates around 30%, similar to its predecessor. Even stablecoin pools, where prices are expected to stay stable, saw roughly 30% idle rates, since liquidity providers tend to concentrate their funds into extremely narrow ranges.
1inch is not a neutral observer here. 1inch plans to launch a product called Aqua aimed at helping liquidity providers maximize their capital. Aqua introduces a shared liquidity layer where liquidity providers allocate virtual balances that can be deployed across multiple trading strategies with a single token approval. Rather than committing capital to one static pool, a provider's allocated balance can be matched dynamically to whichever strategy offers the most efficient use at any given moment.
"Due to structural inefficiencies in DeFi, liquidity providers are leaving billions of dollars in underutilized capital and millions of dollars in fees on the table," said Sergej Kunz, Co-Founder of 1inch. "If the industry is serious about bringing TradFi's trillions onchain, solving this needs to be priority number one."
Sources
TheStreet Crypto: New research finds $1.6 billion in DeFi liquidity sitting unused
1inch Aqua White Paper (official)
Uniswap (UNI) is capturing renewed investor interest as it posts strong bullish signals, with recent technical analysis pointing to further potential gains if broader crypto market conditions remain positive.
UNI maintains bullish price momentum amid volume surgeCrypto analyst Daan Crypto Trades reported that UNI, the native token of Uniswap’s decentralized trading protocol, is showing sustained upward momentum. As of publication, UNI trades at $3.64, backed by a 24-hour trading volume of $174.52 million and a total market capitalization reaching $2.28 billion.
Technical indicators show that UNI has established a series of higher lows and is currently holding at significant support levels, supporting analysts’ forecasts for continued upward movement toward the $4.20 resistance in the coming weeks.
Rising interest around the Robinhood blockchain has also contributed to heightened trading volumes, positioning UNI as one of the better-performing altcoins despite fluctuations in the wider crypto market.
Trading setups for UNI suggest a move toward the upper end of its range as it benefits from both robust support levels and strong trading activity, analysts say. Enthusiasm around Robinhood blockchain developments has fueled this momentum, with many market participants considering UNI a candidate for buy-and-hold strategies.
If Bitcoin (BTC) retains its own key support levels, analysts expect UNI to make further gains, potentially testing the $4.20 mark. However, if market momentum weakens, price consolidation near current levels may persist.
Uniswap V4 volume records significant growthData from MSB Intel indicates that Uniswap V4 has seen its daily trading volume jump to $1.47 billion, representing a 31% increase compared to the previous day. This surge reflects a combination of heightened user engagement, improved liquidity, and growing confidence in the platform’s capabilities within the decentralized finance (DeFi) sector.
The uptick in trading volume is also attributed to favorable market conditions and active participation by protocol users looking to capitalize on rising volatility. Market observers note that increased transaction activity typically underscores broader market optimism concerning a protocol’s long-term prospects.
Uniswap, recognized as one of the largest decentralized exchanges in the DeFi landscape, continues to reinforce its position as a leading trading venue through these recent volume milestones.
Mini dictionary: MSB Intel is a crypto market intelligence and analytics provider that supplies trading volume and blockchain activity data for digital assets.
MetricCurrentPrevious (24h)ChangeUNI Price$3.64——UNI Market Cap$2.28 billion——Uniswap V4 Trading Volume$1.47 billion—+31%Market participants are monitoring whether this strong growth persists, as increased volume and user confidence may influence future price direction.
Analysts eye breakout as market conditions evolveWith both UNI’s bullish price trends and Uniswap’s rising volume, the asset has transitioned from a bearish stance to a more neutral phase, reflecting broader market reversals as Bitcoin’s price also begins to recover.
Traders are closely watching major resistance points and broader market trends, as continued momentum could help UNI break through to the next target zone. Conversely, if volume and sentiment wane, the possibility of near-term consolidation persists.
The combination of accelerating Uniswap V4 volume and ongoing BTC stability provides grounds for optimism among traders anticipating a move toward $4.20. However, lackluster market action could still keep UNI confined in its current range.
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Uniswap has submitted a governance proposal to extend its protocol fee collection and UNI token burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. Per the proposal, protocol fees generated on Robinhood Chain will be deposited into the chain’s on-chain TokenJar contract, and Searchers can convert these fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
3 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
3 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
3 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
3 hours ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
3 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
