1) @Uniswap processes more trading volume today than in May 2021, while UNI trades at a lower valuation. Monthly trading volume increased from $38.9B to $116.6B, while UNI’s valuation decreased from $21.7B to $6.8B.
2) Uniswap continues to ship major product upgrades and expand across chains. Releases including v3, v4, UniswapX, the Uniswap Wallet, and @unichain broaden the protocol’s product surface and distribution.
3) Uniswap’s UNIfication proposal (if implemented) introduces direct value accrual to $UNI holders. By activating a fee switch that funds token buybacks, the mechanism links trading activity to UNI demand in a transparent and rules-based way.
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