About UNI, here are three key points to watch: 1. The narrative has shifted from a DEX to a blockchain liquidity operating system. 2. Protocol revenue is used to burn UNI, so the token's value is tied to revenue, not just a meaningless governance token. 3. Although 20 million tokens are issued annually, based on the revenue from the past 30 days, it’s deflationary (annualized burn exceeds 20 million). Of course, current protocol revenue is highly tied to the RH chain, so the main focus moving forward will be whether Uniswap’s revenue can continue to grow.