$UNI just broke $10 I laid out a month ago.
Last cycle, Uni missed the token capture value layer but still outperformed the entire market. Now v4 fee switch finally gave the token a claim on the flow Uniswap already owned.
So why still miss-priced on $uni?
– 30d volume $92B (was $54B) → ~$1.1T annualized
– protocol rev ~$16M last 30d / ~$405k yesterday vs ~$325k/day back then
– Robinhood still the engine: ~$149M of 30d fees, ~$9.5M of protocol rev
$20–$25 case still needs a fatter rev base. But the cheap governance-token version of $UNI is gone.
Last cycle, Uni missed the token capture value layer but still outperformed the entire market. Now v4 fee switch finally gave the token a claim on the flow Uniswap already owned.
So why still miss-priced on $uni?
– 30d volume $92B (was $54B) → ~$1.1T annualized
– protocol rev ~$16M last 30d / ~$405k yesterday vs ~$325k/day back then
– Robinhood still the engine: ~$149M of 30d fees, ~$9.5M of protocol rev
$20–$25 case still needs a fatter rev base. But the cheap governance-token version of $UNI is gone.
