$UNI Today we returned to around $9.80, showing clearly stronger performance than BTC, ETH, and SOL.

But over the past 12 hours I haven’t seen any new official catalyst, so I won’t interpret the rally as a fundamental revaluation.

Next we only look at:

Whether the Arc protocol’s fees can complete an on-chain vote, and how much UNI burn they can actually drive.

Price moves first, and value capture must follow.