Uniswap V4 has just welcomed its highest-ever weekly fee revenue, earning $15.2 million over seven days.
In a bear market, look to see who’s still building; in a bull market, look to see who can convert usage into revenue.
In the end, protocols with real moats still come back to cash flow.
This year, Uniswap has cumulatively repurchased and burned about $28.4 million worth of UNI. When the bull market arrives and the Uniswap protocol starts running, the project’s buyback intensity will increase. When the UNI price of $UNI starts, it can easily kick off a flywheel effect. Of course, many people say UNI is currently just a pile of dog shit—before the price rises, it’s been dog shit. Earlier, when $HYPE dropped to around 20, lots of people were also shouting bearish takes, but now they’re all quiet. UNI will eventually slap those people in the face.
In a bear market, look to see who’s still building; in a bull market, look to see who can convert usage into revenue.
In the end, protocols with real moats still come back to cash flow.
This year, Uniswap has cumulatively repurchased and burned about $28.4 million worth of UNI. When the bull market arrives and the Uniswap protocol starts running, the project’s buyback intensity will increase. When the UNI price of $UNI starts, it can easily kick off a flywheel effect. Of course, many people say UNI is currently just a pile of dog shit—before the price rises, it’s been dog shit. Earlier, when $HYPE dropped to around 20, lots of people were also shouting bearish takes, but now they’re all quiet. UNI will eventually slap those people in the face.
