UNI$UN has become one of the more interesting altcoin moves this week, gaining roughly 40% in seven days.
What makes the move different is that there are several fundamental narratives behind it. Uniswap has been generating protocol revenue that feeds UNI burns, while Robinhood Chain has become a significant source of Uniswap volume. RWA activity is also growing, with Uniswap recording $5.4B in RWA volume over the past 90 days, according to The DeFi Report.
But price momentum is only one part of the story.
The real question for me is whether sustained volume, fees and user activity can continue supporting the move.
#Macro Insights#
What makes the move different is that there are several fundamental narratives behind it. Uniswap has been generating protocol revenue that feeds UNI burns, while Robinhood Chain has become a significant source of Uniswap volume. RWA activity is also growing, with Uniswap recording $5.4B in RWA volume over the past 90 days, according to The DeFi Report.
But price momentum is only one part of the story.
The real question for me is whether sustained volume, fees and user activity can continue supporting the move.
#Macro Insights#
