Uniswap at $6B? It’s a Total Bargain, Or So They Say…

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Alright, so here’s the scene: one of the big shots in crypto, Matt Hougan, comes out swinging-says Uniswap at $6 billion? Feels like you’re underpricing a yacht that’s actually a submarine. I mean, if it were a bank, it’d be the 400th biggest in the world-right there with Norway’s insurance guys. I guess that makes sense, because nobody’s really doing anything with it, except making a lot of noise. 🚤🔇

And the crowd? Oh, they’re all over the place. Some nodding, some arguing-mostly about how much dough the protocol pulls in, while everyone’s pretending the native token, UNI, is worth something. Spoiler: It’s not. It’s like giving a participation trophy for not messing up the blockchain.

But hey, despite the slow crawl-stuck around ten bucks, no real movement-the numbers are crazy. Over $280 billion traded in the last three months? That’s like everyone in Brooklyn buying a bagel. And the token’s up over 30% this month, over 100% this year-so it’s either a miracle or some really good ol’ hype. 🍩

Now, here’s the kicker: back in December, the price hit $19, then some big whale-almost a million UNI-moves a mountain of tokens, and poof! Down it goes. Classic. And this paper I haven’t read about governance? It’s a mess. A few big guys-early investors and the foundation-run the show. The little guy? Screwed. They’re like the guys in the back of the bus, and not in a good way. Traffic’s jammed, transparency’s thin, and proposals? They take forever or favor the big shots. Typical! 🤡

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2025-08-07 01:13