Uniswap Price Could Surge with Fee Conversion Mechanism, Says CryptoQuant CEO

According to BlockBeats, CryptoQuant CEO Ki Young Ju has suggested that the price of Uniswap could experience a parabolic rise if the fee conversion mechanism is activated. The protocol has recorded a trading volume of $1 trillion year-to-date, even when considering only versions 2 and 3. If this trading volume remains consistent, approximately $500 million worth of UNI could be burned annually. Currently, trading platforms hold UNI valued at $830 million. Therefore, even with the unlocking of tokens, a supply shock appears unavoidable.