$UNI This time, it really needs to be re-examined.
Before, even if Uniswap’s trading volume was huge, UNI holders could hardly directly feel the protocol’s profits. Now that the Fee Switch is turned on, this logic has changed: the protocol starts generating revenue, and that revenue is funneled through the Firepit to burn UNI.
More importantly, this isn’t just wishful thinking—within the first seven months before 2026, Uniswap has already generated about $28.2 million in protocol revenue.
Uniswap is still Uniswap, but $UNI isn’t the same UNI that used to exist only as governance expectations.
If the market slowly starts pricing in this change, the most likely thing to happen next is that everyone initially thinks it’s still early; then when they realize the protocol revenue and burn data keep continuing, they end up chasing the rally again. Most people probably have this kind of mindset.
As for me, I’ll keep watching UNI—I feel this theme hasn’t been fully traded up yet.
#UNI #Uniswap
Before, even if Uniswap’s trading volume was huge, UNI holders could hardly directly feel the protocol’s profits. Now that the Fee Switch is turned on, this logic has changed: the protocol starts generating revenue, and that revenue is funneled through the Firepit to burn UNI.
More importantly, this isn’t just wishful thinking—within the first seven months before 2026, Uniswap has already generated about $28.2 million in protocol revenue.
Uniswap is still Uniswap, but $UNI isn’t the same UNI that used to exist only as governance expectations.
If the market slowly starts pricing in this change, the most likely thing to happen next is that everyone initially thinks it’s still early; then when they realize the protocol revenue and burn data keep continuing, they end up chasing the rally again. Most people probably have this kind of mindset.
As for me, I’ll keep watching UNI—I feel this theme hasn’t been fully traded up yet.
#UNI #Uniswap