The future of Uniswap(UNI) may involve more than just buybacks and burns.

Whether it’s the recently surging Filecoin(FIL) or the earlier soaring Zcash(ZEC), it seems they can’t stir up as much discussion as Uniswap(UNI), which suddenly broke out with a big bullish candle overnight, causing the long-dormant crypto market to ripple instantly and become lively.

This small on-chain token swap protocol, even if it remains calm and stable for a long time, can still move many people within the industry when it suddenly revives and gets back into action.

After all, building a project with a market cap of over 5 billion USD based on a simple elementary school multiplication x*y=k is quite rare in the entire crypto market.

Too many crypto projects are too complex and obscure, making it difficult for anyone to explain their working principles in a few words. But Uniswap is different. Its elegant beauty lies in the extreme simplicity of its mathematical principle.

Projects with such aesthetic appeal, valued at less than 20 times their valuation, seem hard to justify.

Is it a value trough? Or are the project teams hesitant about the token price, leading to community discouragement and lost hope?

In previous instances, the community did take proactive steps. But proposals related to turning on the fee switch and seeking to “empower” the UNI token ultimately hit the wall of the project’s largest investor, a16z.

This time, the founder Hayden Adams was personally brought out to lead the charge. The proposal carries significant weight and includes measures beyond expectations. Details have already been covered in today’s internal report.

In essence, it’s about empowerment and price appreciation.

Not by market makers pumping the price with money, but by using trading fees generated in the secondary market to buy back and burn tokens to support the price.

Wool comes from the pig. The dog pays the bill.

Actually, just a buyback and burn empowerment alone already opens up enough imagination space.

After all, the most successful case of platform tokens on CEXs is using trading fees earned from traders to buy back and burn their own platform tokens, creating a market cap in the hundreds of billions.

And CEX buybacks and burns are based on centralized commitments. Uniswap’s buyback and burn are guaranteed by on-chain code execution.

Of course, in terms of current revenue scale, it’s still not comparable.

Once UNI becomes an asset with clear business empowerment and a transparent valuation model, it will start attracting the attention of larger and more serious asset allocators.

Learn from this example and find partners to develop the DAT (crypto treasury) model? A UNI version of MicroStrategy is also possible.

Of course, this cycle may not have enough time to fully deploy and launch.

In the longer term, can UNI gain Wall Street’s favor and SEC approval to successfully launch an ETF listed on the US stock market?

UNI ETF. That would open the door for serious large funds to enter. Only then will the ceiling truly be lifted.

BBB - DAT - ETF, the three key steps.

However, any long-term factors won’t determine the immediate rise or fall.

The current fluctuations are merely reflections of emotional swings.