Haotian
Haotian|Nov 11, 2025 03:05
The long-awaited proposal for the Unification community has finally changed its protagonist. This time, it is jointly initiated by @ Uniswap Labs and Uniswap Foundation, and it is no longer a vague game of "wolves coming": 1) In the past, there have been at least ten proposals for UNI Holders and community Fee Switch or Buyback, but they all went unanswered in the end. Due to the lack of official statements, Labs is busy promoting products for fear of affecting growth, while Foundation is busy maintaining the ecosystem for fear of governance disputes arising from sharing the LP cake. This time is different. @ haydenzadams personally came forward to initiate a proposal, which is equivalent to recognizing UNI's goal of capturing value and no longer making vague promises. 2) 100 million pieces, with 10% of the supply directly repurchased and destroyed, have caused a significant sensation. If we calculate the transaction fees, including protocol handling fees, Unichain sorter fees, MEV auction slots, and other fees, it is conservatively estimated that there will be hundreds of millions of dollars in continuous repurchase orders per year? Providing ample imaginative space for sustainable growth in the future; 3) To be honest, Uniswap's response has been slow. @ HyperliquidX has accumulated $644 million in protocol revenue buybacks, @ aave has launched a $50 million annual plan, @ Raydium's buyback scale has exceeded $100 million, @ CurveFinance is also activating fee switches, and @ ethena_1abs... The entire blue chip DeFi project is using real revenue to drive token buybacks to prove that it is not empty. Uniswap, as the DEX leader, has only been officially announced now, which is intriguing. 4) But with Uniswap's actions, its impact has become broader, setting a benchmark for the entire on chain protocol that "protocol revenue must be fed back to tokens"? Is the gray era of governance tokens, which have been criticized for their priceless value, finally coming to an end? This also forces those projects that are still relying on so-called governance power and community beliefs to stand up and prove themselves. Finally, congratulations to UNI Holder and also to us: Because altcoins have finally embarked on the path of self verification, self trust, and self expansion of their value.
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