jakiro
Whether it is Filecoin (FIL), which exploded recently, or Zcash (ZEC), which took off some time ago, it seems that they cannot arouse as much discussion as Uniswap (UNI), which suddenly showed a big positive line overnight, making the long-dull crypto market instantly rippling and lively.
This small on-chain token exchange agreement will still touch the heartstrings of many people in the industry, even if the peace lasts for a long time and the horse is released.
After all, it is rare to see a project with a market value of more than 5 billion US dollars based on a simple elementary school multiplication x*y=k. Looking at the entire encryption market, it is rare.
Too many crypto projects are so esoteric that no one can explain how they work in a few sentences.But Uniswap is different.Its unique beauty lies in the extreme simplicity of its mathematical principles.
It seems difficult to justify a project with such aesthetics with a valuation multiple of less than 20 times.
Is it a value depression?Or is it that the project side has been inactive on the currency price, leaving the community dejected and all hope lost?
It’s not like the community didn’t take the initiative in the past few times.However, proposals related to turning on the fee switch and seeking to “empower” UNI tokens ultimately hit a wall with a16z, the project’s largest investor.
This time, founder Hayden Adams was brought out to fight in person. The weight of the proposal was not too heavy, and the proposed measures did not exceed expectations.The specific measures have been written in detail in today’s internal reference.
To say a thousand words and ten thousand means to empower people and to pull the strings.
It is not that the banker uses money to pull the market, but uses the transaction costs generated in the secondary market to buy back the market.
The wool comes from the pig.The dog pays the bill.
In fact, just a repurchase and destruction empowerment is enough to open up the imagination.
After all, the most successful case of CEX’s platform currency is to use the fees earned from traders to repurchase and destroy their own platform currency, and operate it to achieve a market value of hundreds of billions.
The repurchase and destruction of CEX is based on the commitment of centralization.Uniswap’s repurchase and destruction are executed by the code on the chain.
Of course, in terms of revenue scale, it is not yet the same.
When UNI becomes an asset with clear business empowerment and a clear valuation model, it will begin to have the opportunity to gain the attention of larger and more serious asset allocators.
Learn from others and find partners to implement the DAT (encrypted treasury) model?The UNI version of MicroStrategy is also available.
Of course, this cycle may not have time to start the layout.
In the longer term, can UNI gain the favor of Wall Street and the approval of the SEC to successfully issue an ETF and list it on the US stock market?
UNI ETF.This will open the way for serious large funds to enter the market.Only then will the ceiling truly open.
BBB – DAT – ETF, three boards.
However, any long-term factors will not determine the immediate rise or fall.
The current ups and downs are just a reflection of emotional fluctuations.
