Uniswap (UNI)

MARKT-Breafing: Which sectors are currently gaining and which are losing? 🤔 1⃣On the equity market, capital mainly flowed into profitable AI and cloud giants. 👇 Cloud capacities can be directly monetized, and Amazon especially convinced last week with strong quarterly numbers: AWS revenue rose 37% year over year. This is the fastest growth in 18 quarters! 2⃣In the crypto market, only a little of that has arrived so far: 🔴 DeFi sector with UNI or HYPE under slight pressure 🔴 RWA sector with ONDO or CC also gives a slight retreat 🟢 AI sector with e.g. Audiera (BEAT) and the Privacy sector with ZEC, DASH and Monero slightly in the plus. 3⃣High US bond yields continue to brake a clear, market-wide Risk-on signal.

Today, $UNI || @Uniswap increasingly being valued for “protocol cash flow.” Here are the catalyst: • The fee switch is now live, sending protocol revenue into a treasury that buys back and permanently burns UNI. • Early buybacks were modest, around $26–27M annualized, so the market largely ignored them. • Then @RobinhoodCrypto Chain launched in July, and everything accelerated. In its first week: • $1B+ cumulative trading volume • ~$11M weekly fees • Nearly half of Uniswap's weekly fee revenue came from Robinhood Chain After governance expanded the fee switch: • Daily buyback funding jumped from ~$114K to ~$325K. • Robinhood Chain alone contributed about $170K/day. That is the reason why UNI moved from roughly $2.30 in early June to around $4.60 by the end of July. Note: UNI is evolving from a governance token into an asset backed by recurring protocol revenue and continuous buybacks. As Robinhood Chain sustain that activity after its gas subsidies end. That will determine whether this repricing has another leg to it.

Today, $UNI || @Uniswap increasingly being valued for “protocol cash flow.” Here are the catalyst: • The fee switch is now live, sending protocol revenue into a treasury that buys back and permanently burns UNI. • Early buybacks were modest, around $26–27M annualized, so the market largely ignored them. • Then @RobinhoodCrypto Chain launched in July, and everything accelerated. In its first week: • $1B+ cumulative trading volume • ~$11M weekly fees • Nearly half of Uniswap's weekly fee revenue came from Robinhood Chain After governance expanded the fee switch: • Daily buyback funding jumped from ~$114K to ~$325K. • Robinhood Chain alone contributed about $170K/day. That is the reason why UNI moved from roughly $2.30 in early June to around $4.60 by the end of July. Note: UNI is evolving from a governance token into an asset backed by recurring protocol revenue and continuous buybacks. As Robinhood Chain sustain that activity after its gas subsidies end. That will determine whether this repricing has another leg to it.

$UNI (1W) – $4 remains the level to watch. A few weeks ago, I pointed out that UNI was breaking both its price and RSI downtrends. Price rallied all the way to $4.50 this week. But now it's back battling with the $4 resistance. Over the past two months, UNI already failed twice to close above this level. Each rejection pushed price lower again. That's why this weekly close matters. The weekly Stochastic RSI is also back above 80. Momentum is strong, but chasing it here isn't the trade I'd take. I'm waiting for two things: - A weekly weekly close above $4 and a confirmation into support. - A cooldown in the weekly Stochastic RSI. If both happen, I'll be looking to add UNI to my long-term portfolio.