Robinhood Chain’s total value locked (TVL) is nearing $1 billion. Cointelegraph reported on Aug. 13 that Standard Chartered analyzed that Robinhood Chain’s integration with Uniswap is quickly addressing the early-liquidity challenge facing new blockchains.

In a recent report, Standard Chartered’s Geoffrey Kendrick said Robinhood Chain’s TVL has increased to nearly $1 billion and that it is the fastest-growing blockchain by TVL. He said liquidity demand on Robinhood Chain is effectively being met through Uniswap V2, V3 and V4.

Standard Chartered said Robinhood is expanding its chain by using proven decentralized finance infrastructure without having to build liquidity from scratch through the partnership. It said the barriers needed to attract users and assets have also fallen as a result.

Changes are also emerging in Uniswap’s token economics. That is because protocol fees generated through Robinhood have become the largest basis for UNI token burns. After the Robinhood-linked fee switch was activated on July 27, the pace of UNI burns roughly doubled and reached about $90 million on an annualized basis.

Robinhood Chain launched on July 1. It focused on putting real-world assets on chain, and daily active users rose to 194,000 in its first week after launch.

Robinhood is expanding its business beyond traditional stock trading into cryptocurrencies, prediction markets and tokenization.