Daily fees are down 30%, yet the tax is still maxed out. That’s not a recovery.
$UNI on-chain daily fees are about 2.35 million, down 29% from the previous period.
OKX long-side funding is capped at 0.01%; HL positions are about 66.4 million, with 6.87 million that day and a density of 9.7.
Current price: 7.03, down 2.6% on the day.
The books are cooling first, while the tax is still maxed out—taxed positions on the books, not a DEX rebound.
I’m betting it stays soft. The only rebuttal I’ll accept is the rate dropping back to 0.005%.
#DEX账单 #TaxedStructure
$UNI on-chain daily fees are about 2.35 million, down 29% from the previous period.
OKX long-side funding is capped at 0.01%; HL positions are about 66.4 million, with 6.87 million that day and a density of 9.7.
Current price: 7.03, down 2.6% on the day.
The books are cooling first, while the tax is still maxed out—taxed positions on the books, not a DEX rebound.
I’m betting it stays soft. The only rebuttal I’ll accept is the rate dropping back to 0.005%.
#DEX账单 #TaxedStructure