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Uniswap recorded about $14.81 million in protocol revenue in September, its highest monthly total on record, Crypto Briefing reported. Robinhood Chain, a layer-two network launched on July 1, accounted for about $7.8 million, or 53% of the total.
Whether that growth can continue remains uncertain. In early October, Robinhood Chain’s daily transaction count fell more than 40% from its September peak, and Uniswap’s revenue could also come under pressure if trading activity on the chain slows further, given the concentration of revenue on a single network.