Project Introduction:
Uniswap is the earliest and largest Dex protocol in the crypto market, currently with a TVL of $5.12 billion, and a trading volume of $84.5 billion in the last 30 days, ranking second after Pancake. Before the launch of Binance Alpha, Uniswap's trading volume ranked first in the entire market for a long time, generating $929 million in revenue over the past year, ranking seventh. If UNI's 'fee switch' can be activated in the future or regulatory easing allows it to expand its financial application scenarios, the current market value is significantly undervalued relative to its business profitability.
According to the Uniswap Foundation's financial summary for Q1 2025, as of March 31, 2025, the foundation holds $53.4 million in USD and stablecoins, 15.8 million UNI (valued in UNI), and 257 ETH, equivalent to $150 million in tokens based on the closing rate on May 28, 2025. The expected turnover period is until January 2027, with a currently good financial condition.
Token Economic Empowerment Attempts:
In the past, the token economics of UNI mainly generated yields by adding UNI to specific pair trading pools for LP, staking UNI to participate in DAO governance to propose buybacks or liquidity incentives. However, these yields are indirect, and in most cases, the yield rates are low; directly holding UNI does not generate direct income, which is also the main reason why the price of the UNI token has not risen to high levels.
Unichain is a Layer 2 (L2) blockchain announced by Uniswap Labs on October 10, 2024, based on the Superchain framework of Optimism's OP Stack, officially launching its mainnet on February 13, 2025. Unichain will provide the speed and cost savings realized in L2, better cross-chain liquidity acquisition, and achieve greater decentralization.
Like other L2s, Unichain also has a validator network, using UNI as the staking token. Node operators must stake UNI on the Ethereum mainnet to become validators in the UVN (Unichain Validator Network). The amount staked determines the probability of being selected for the active validator set. Earnings come from 65% of net chain revenue (including base fees, priority fees, and MEV), distributed according to staking weight.
Token Situation
UNI currently has a circulating market capitalization of $4.2 billion, with an FDV of $6.7 billion. The token is fully circulating, with approximately 37% staked and locked.
In Conclusion:
As the largest Dex protocol in the current crypto market, how the U.S. regulates UNI will serve as a model for the entire industry. Uniswap Labs is also actively participating in the development of regulatory rules, and combined with the multiplier effect of ETH, it may welcome structural favorable opportunities. Its project data occupies a leading position in the market, with considerable profits and good finances. The advancement of projects through Unichain and proposals for fee switches may bring new empowerment to tokens. If optimistic about future trends, UNI is one of the blue-chip targets worth paying attention to in the ETH ecosystem.
Level 1 projects are launching:
Monad (MON) is a high-performance Layer 1 blockchain built for decentralized applications, aiming to provide higher throughput, scalability, and lower costs for decentralized applications (dApps).
The mission is to accelerate the power of decentralization by building a blockchain that is 100 to 1000 times faster than its closest competitors, alleviating the bottlenecks of existing blockchains, and enabling more complex applications and broader adoption.
0 G, full name Zero Gravity, is a leading Web3 infrastructure provider that is building a leading modular AI blockchain and creating solutions to implement on-chain AI applications in the Web3 ecosystem. In summary, it focuses on modularity, 7A1, faster speeds, and lower costs. In 2024, 0G also established strategic cooperation with over 100 industry-leading partners, covering various fields such as gaming, artificial intelligence, and DePIN.
PIN AI (PIN) is an open-source personal AI platform that integrates open-source artificial intelligence and blockchain technology, paving new avenues for personal digital experiences while protecting data ownership and privacy. The platform places humans at the center of the AI economy, providing personalized AI and data recovery capabilities for everyone. With PIN AI, users can retain the value of their data and AI interactions and receive services tailored to their unique preferences in return.
The primary market is the 'golden key' to discovering hundredfold coins, but it is not omnipotent. The market is full of uncertainties, and the purpose of investment research is to help us make more rational decisions rather than blindly chasing the myth of getting rich. By continuously learning and practicing, you can enhance your investment research capabilities, seize opportunities in the crypto market, and discover truly valuable projects. Hundredfold coins are not an unattainable dream but a goal that can be reached through solid project research. Each in-depth study and analysis lays the foundation for future wealth accumulation. Do not be misled by short-term market fluctuations but focus on the long-term value and development potential of projects.