$UNI has been moving Nearly 50% higher over the past week is hard to overlook, but I think the bigger story is what’s happening underneath. Uniswap’s fee mechanism now connects protocol activity with UNI burns, while the launch of v2, v3, v4 and UniswapX on Robinhood Chain gives the ecosystem another source of activity. The interesting part from here is whether volume and actual protocol usage can support the rally instead of it being purely momentum-driven. I’m watching UNI/USDT on BingX and keeping an eye on how this develops. #UNI #DeFi #BingX