Tanaka
Founder of Kollab3, DeFi Researcher
Uniswap's protocol fees now have a specified path to UNI burns: fees flow into TokenJar and UNI is burned through Firepit to release those assets. Its multichain liquidity and $79.47B in 30-day DEX volume favor a larger 60% long-term weight versus AERO, despite a higher roughly 35.8x annualized revenue multiple. Further fee capture across chains and v4 pools could add growth, but protocol revenue is not net holder returns. x.com
UNI's rally has already priced in much of its new growth, and the stronger case now depends on better entry and real value capture for holders. Robinhood Chain drove about $33B of Uniswap's ~$81B 30-day volume, and v4 with Hooks now handles about 54% of v3 and v4 flow. Protocol fees could eventually lead to UNI burns, but direct value capture is still the missing piece; volume alone is not enough. Expansion into Arc, stablecoins and tokenized stocks adds possible catalysts. x.com x.com x.com x.com x.com x.com
Uniswap should keep winning trades as the market heats up, turning more of that activity into UNI burns. It generated $15.6 million in protocol revenue over the last 30 days, $8.9 million of it from Robinhood Chain alone. The loop: trading makes providing liquidity worthwhile, more liquidity gives traders better prices and attracts more trades, and where protocol fees are enabled, those fees feed UNI burns. x.com
Uniswap has a real chance at new all-time highs this year as its fundamentals keep improving. Fees rose 129% over 30 days and revenue 165%, and revenue outgrowing fees means the UNI burn mechanism's expanding pool coverage is compounding, not just volume. x.com
Low liquidity could cause sharp downside wicks in altcoins over the coming days. Uniswap at $3-6 and Zcash near $800 are levels of interest for bids. Trader_XO sees Zcash near $800, a call that holds here too; the level is expected before year-end. x.com x.com x.com
Merger-driven expansion across seven chains could increase AERO fees, while Predictive Allocation directs emissions toward markets expected to generate revenue instead of minting rewards that cannot be justified. Aero-related products processed about $16.2B in DEX volume and generated about $7.7M in protocol revenue over 30 days. TVL fell from about $429M to $362M, and emissions remain dilution if fee growth lags. x.com x.com
Uniswap owns spot liquidity on the two-week-old Robinhood Chain, making UNI an early winner from the chain's growth. It handled 99.1% of the chain's $5.57B in 30-day DEX volume and generated $26.8M in fees, with no real second place. Tokens benefit mostly through buybacks and burns. Other ways in are Lighter, Robinhood's chosen perpetuals venue; PONS and Flap as the leading launchpads; and Virtuals as the chain's agent layer. x.com x.com
Stock trading could make Aerodrome's fees less volatile and expand its valuation multiple. On a longer-term fundamentals view, a rebound from drawdowns in majors and most alts offers over 2-3x; volume across chains, stocks and FX plus wallet share versus Uniswap offer over 3-5x, potentially much higher. Predictive liquidity, burns and partnerships add an innovation premium. Whatever happens before the merge, strong fundamentals point to a clearing rather than a sell-the-news event. x.com x.com … Show more
Uniswap has the best DEX liquidity, as the Binance hacker's UNI sales there show. UNI looks bullish once the hacker finishes selling. x.com
ARB and UNI capture the growth of Robinhood Chain: Arbitrum monetizes the infrastructure layer and Uniswap the trading layer. This week Robinhood Chain generated $12.4 million in fees, up 2,100%, and DEX volume of $9.7 billion. Uniswap processed $6.9 billion there, 42% of its weekly volume, and Robinhood Chain produced 64% of Uniswap's weekly protocol revenue, while the Arbitrum Foundation's tracked revenue from it hit $1.0 million. This could continue if Robinhood activity stays this elevated. … Show more
Uniswap's revenue to UNI holders is accelerating: September is on track to be its highest holder-revenue month ever, with $15M in UNI buybacks. x.com
Uniswap's UNI can get back above $10 soon as token burns accelerate. Per @haydenzadams, burns have jumped after RH and the v4 proposal: the third-highest burn day ever destroyed 106,000 UNI, equal to $170 million of annual burn at current prices, and the highest on a normal market day. x.com
