2022-10-09 00:57:33
FA analysis #UNI
1/ While the $UNI token has gotten crushed alongside other crypto & DeFi assets, the DEX business model is well-suited for bull & bear markets.
Uniswap’s volumes & revenues spike during major sell-offs or rallies, regardless of which ways markets are moving.
2/ Uniswap has generated ~$567 million of revenue year-to-date and is on track for more than $1.1 billion this year.
~$95 million per month in revenue is remarkable given their $2.3 billion market cap.
3/ The revenue is a function of trading volume that flows through the protocol.
Unsiwap processed more than $50 billion of trading volume in June, representing ~60% of all DEX volume.
Earlier this month, they surpassed $1 trillion in lifetime trading volume.
4/ The ratio of DEX to CEX spot trading volume is in the range of DeFi summer.
That’s pretty impressive given the rise in popularity & growth of CeFi trading platforms in the same time frame (FTX, Coinbase, etc.).
TLDR: Uniswap is keeping pace w/ centralized offerings.
5/ Uniswap also announced the acquisition of Genie, the second-largest NFT marketplace aggregator. That means it’s integrating NFTs into its product suite.
More trading volume and revenue are headed its way.
WHAT IS THE KEY POINTS?
At the moment, #UNI don't get any share from protocol revenues.
I believe at some day, It must come, which will drive the value of UNI token.
Following the chart, UNI target is 40-70$
I am looking for dip below 5$ for buying.
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