Tanaka(@Tanaka_L2):What’s really driving the $UNI rally right now? Hazz, I still regret missing this one. I knew @Uniswap was benefiting from the Robinhood Chain hype, but I didn’t pull the trigger. Looking back, I think the market is repricing $UNI for 4 main reasons: [1] Robinhood Chain is bringing massive volume to Uniswap Uniswap has become one of the main liquidity venues on Robinhood Chain. Robinhood alone contributed roughly $33B of Uniswap’s ~$81B 30D volume in the snapshot I was watching. Robinhood hype → more users/assets onchain → more volume for Uniswap. [2] v4 is proving that Hooks are getting real adoption That same snapshot showed: – v4: ~$42.9B – v3: ~$36.8B So v4 was already doing around 54% of combined v3 + v4 flow. This matters because Hooks allow pools to customize swaps, fees, liquidity and accounting. Uniswap is moving from a simple AMM design → more programmable liquidity infra. [3] Volume now has a clearer path to $UNI value capture This is probably the biggest change. Protocol fees are now active across more chains, and part of those fees can eventually translate into UNI burn. The flywheel becomes: More markets → more volume → more fees → more UNI burned. That is very different from the old UNI thesis where the token was mainly viewed as governance. [3] Robinhood may only be the first leg Uniswap is also expanding into Arc and other markets tied to stablecoins, RWA and tokenized stocks. If those sectors keep growing, Uniswap could benefit as the liquidity + execution layer behind them. The lesson for me: Don’t just look at which token is inside a hot narrative. Look at where the revenue actually flows. I saw the Robinhood thesis, but missed $UNI. Anyway, that move is gone. If $UNI comes back to a price range I like, I’ll consider buying. But not here. I’m not chasing after the pump.

2026.09.24 05:40

What’s really driving the $UNI rally right now? Hazz, I still regret missing this one. I knew @Uniswap was benefiting from the Robinhood Chain hype, but I didn’t pull the trigger. Looking back, I think the market is repricing $UNI for 4 main reasons: [1] Robinhood Chain is bringing massive volume to Uniswap Uniswap has become one of the main liquidity venues on Robinhood Chain. Robinhood alone contributed roughly $33B of Uniswap’s ~$81B 30D volume in the snapshot I was watching. Robinhood hype → more users/assets onchain → more volume for Uniswap. [2] v4 is proving that Hooks are getting real adoption That same snapshot showed: – v4: ~$42.9B – v3: ~$36.8B So v4 was already doing around 54% of combined v3 + v4 flow. This matters because Hooks allow pools to customize swaps, fees, liquidity and accounting. Uniswap is moving from a simple AMM design → more programmable liquidity infra. [3] Volume now has a clearer path to $UNI value capture This is probably the biggest change. Protocol fees are now active across more chains, and part of those fees can eventually translate into UNI burn. The flywheel becomes: More markets → more volume → more fees → more UNI burned. That is very different from the old UNI thesis where the token was mainly viewed as governance. [3] Robinhood may only be the first leg Uniswap is also expanding into Arc and other markets tied to stablecoins, RWA and tokenized stocks. If those sectors keep growing, Uniswap could benefit as the liquidity + execution layer behind them. The lesson for me: Don’t just look at which token is inside a hot narrative. Look at where the revenue actually flows. I saw the Robinhood thesis, but missed $UNI. Anyway, that move is gone. If $UNI comes back to a price range I like, I’ll consider buying. But not here. I’m not chasing after the pump.

Tanaka@Tanaka_L2

2026.02.13 05:59

GM, I think $UNI, $LDO, $ENA, $PENDLE can outperform $ETH in the next risk-on phase. Look at the revenue layer: – @Uniswap ≈ $60M. – @aave ≈ $93M. – @LidoFinance ≈ $71M. – @HyperliquidX ≈ $75M. They are real cash-flow machines of the cycle and beyond if you look deep into their model. Meanwhile $ETH is trading around $1.9-2k, DeFi TVL compressed from ~$75B+ to ~$55B range after the correction. I believe ETH = base layer exposure, and DeFi tokens = leveraged exposure to ETH activity. When ETH pumps: – Trading volume spikes → $UNI benefits. – Borrow demand increases → $AAVE benefits. – More staking → $LDO revenue increases. – Yield narrative returns → $PENDLE & $ENA get flow. ETH captures burn + staking yield. DeFi tokens capture direct protocol revenue, buybacks, fee switch potential, narrative premium. We’ve seen this movie before: – 2020-2021 DeFi Summer. – 2024 liquid staking & restaking wave. Each late-cycle phase → capital rotates from majors into sector leaders. And here is the asymmetry: – ETH mcap ≈ hundreds of billions. – UNI/LDO/ENA/PENDLE = much smaller caps. If TVL rebounds 20-30%, these tokens can move 2-5x. But I’m not blind, they also crash 70% in risk-off. But this is high-beta rotation trade and I see ETH as foundation. But when sentiment flips risk-on in 2026, I believe DeFi leaders will outperform ETH on a percentage basis. Because they are more explosive. That’s my POV. DYOR.

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