2025-12-20 04:10:59

#大户持仓动态 This week in blockchain, several events worth noting

**Uniswap Major Move: Governance Upgrade is Real**

Voting is about to begin, involving four core items—burning 100 million UNI, enabling fee switches for V2 and V3, approving a 40 million UNI growth budget over the next two years, and separating the foundation from operational layers. If approved, it will be executed automatically after a two-day lock-up period. This move is essentially an adjustment to the token economic model and a significant step forward in decentralized governance.

**Ethereum Building a "Mainnet-Level" Security Fortress**

The zkEVM team at the Ethereum Foundation has shifted focus toward long-term cryptographic security. Their goal is clear: to pave the way for L1 zkEVM, enabling future gas limit increases, directly supporting zk-Rollup, while maintaining censorship resistance. The timeline is set—by the Glamsterdam upgrade in May 2026, they aim to achieve 100-bit provable security, with subsequent upgrades further compressing proof sizes and increasing to 128-bit levels.

**Stablecoin Yield Mechanisms Become Hot Topics**

The Blockchain Association, together with over 125 industry representatives including Gemini, Coinbase, PayPal, and Uniswap, collectively sent a letter to Congress. The core message: do not alter the existing framework of the "Payment Stablecoin Clarity Act." The industry emphasizes that allowing third-party platforms to offer yields is a carefully designed competitive mechanism, enabling consumers to access returns that banks would normally keep in their pockets. Rewriting the law now would be akin to hitting the brakes on innovation and could disrupt market expectations.

**New Approach to MEV Issues: Encrypted Memory Pools for Outgoing Transactions**

Shutter Network officially proposed EIP-8105, aiming to embed a universal encrypted transaction pool at the protocol level to prevent protocol-level MEV attacks at the source. The plan is to activate this in the upcoming Hergot upgrade, introducing new transaction types that can hide transaction content, along with on-chain key registration and fast sub-slot mechanisms, allowing decryption without slowing block production. This represents a breakthrough in addressing MEV at the system level.

$BTC $ETH Still focused on spot allocation.

UNI0,46%

ETH1,67%

BTC2,03%

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CantAffordPancake

· 2025-12-23 00:32

The destruction of 100 million UNI this time is serious, and governance has indeed taken a big step towards Decentralization. However, whether the opening of the fee switch will affect volume still depends on future performance. zkEVM is working on 128-bit security, and Ethereum is determined to build a fortress at the Mainnet level. Looking forward to 2026. Regarding stablecoin yields, 125 institutions jointly wrote to Congress, which shows how attractive it is. The small yields from banks have been taken away by us, haha. Is Shutter's encryption memory pool solution reliable? The MEV issue has been around for so many years, and finally, someone has truly tackled it at the protocol layer. By the way, it’s still necessary to hold BTC and ETH well; the others can just be watched.

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TokenomicsTherapist

· 2025-12-21 14:20

UNI has destroyed 100 million coins this time, that's something, tokenomics is finally starting to redeem itself. Ethereum is aiming for 128-bit security by 2026, this pace feels a bit rushed... Stablecoin yields are politically correct, but can it really stop legislative changes? Not too sure. MEV using encryption memory pool? It feels like just patching up technology, the fundamental issues remain. $BTC $ETH is still being held, everything else is just floating clouds.

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DefiVeteran

· 2025-12-20 14:15

UNI's burn strength this time is really significant, but we're still waiting for the voting results... The idea of the foundation spinning off is quite interesting, but whether governance will truly decentralize depends on what happens next. The ETH security upgrade roadmap is so long, and only reaching 100 nodes by 2026? That seems a bit conservative. Regarding stablecoin yields, the joint letter from 125 institutions does create a big impact, but rules can be changed at any time—who can say for sure? A new MEV mitigation solution is here again. Will Shutter's encrypted mempool work this time? Let's give it a try; after all, there's no better option. For now, I still stick with BTC and ETH; everything else is just hype.

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DYORMaster

· 2025-12-20 04:40

UNI's recent move is quite aggressive, directly burning 100 million tokens. It feels like the token model is being pushed to its limits. Ethereum's security fortress plan seems quite solid, but the 2026 roadmap pressure is a bit intense. The debate over stablecoin yields is heated. The industry’s unified effort to protect them clearly indicates they are a lucrative target. Whether MEV can truly be resolved depends on how effectively it is implemented.

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SchroedingerAirdrop

· 2025-12-20 04:40

UNI burns 100 million this time is quite intense, but it depends on how the vote goes. The foundation divesting from operational layers sounds like a move towards decentralization. ETH's zkEVM roadmap has been pushed to 2026, with security upgraded to 128 bits... big companies are taking it slow, no rush. MEV has been hammered by encrypted mempools, finally someone is taking it seriously, much more reliable than those PPT plans. Regarding stablecoin yields, 125 institutions have jointly submitted a petition, it seems they really don't want to be overly regulated. Innovation vs. regulation, still the same story. For spot trading, stick with BTC and ETH, don't bother with those flashy alternatives.

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RegenRestorer

· 2025-12-20 04:37

UNI burns 100 million tokens this round, the fee switch is turned on... Sounds like they are really going to take serious action. However, passing the vote is the key, so we need to keep a close eye in the coming days. Ethereum's proof of security for 2026? The timeline is quite long, but the architectural approach is indeed solid. The true explosion will come when zk-Rollup matures. The 125 institutions jointly backing stablecoin yields is really impressive, but I'm worried it might just be surface-level talk. The US side has always been unpredictable. Protecting MEV by directly integrating encrypted pools at the protocol layer is an interesting idea. However, I’m a bit concerned that the on-chain key registry might become a new bottleneck. Holding onto BTC and ETH for spot trading is still the right call, no doubt about it.

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tokenomics_truther

· 2025-12-20 04:19

UNI's burn + fee switch is indeed adjusting the narrative, but the actual implementation still depends on the voting results. It feels like another wave of liquidity being absorbed by the whales. ETH's safety fortress extending to 2026 is a bit too far off; in the short term, we should still focus on spot market resilience. Regarding stablecoin yields, no matter how good the talk is, the overall trend won't change. Legislation will eventually tighten. MEV crypto pools sound good, but I'm worried it's just another PPT plan. Still the same two, keep holding tight.

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GateUser-e19e9c10

· 2025-12-20 04:13

If UNI really dumps 100 million tokens this time, can the market absorb it... It depends on the voting results. Ethereum's zkEVM security roadmap, reaching the top 100 only by 2026, is a bit slow. Competitors are not waiting around. The yield on stablecoins has indeed been targeted heavily. The banks' lobbying efforts are probably also contributing. Anyway, both sides want to grab this piece of the pie. MEV still needs encrypted mempools to be fixed. This issue is really a stubborn problem, but it's definitely better than now. Spot trading still needs to be paired with BTC and ETH; others are just gambling mentalities. Not expecting much anymore; these upgrades are too far off. UNI voting passing? Yeah, right, with such complicated利益分割. Honestly, there are a bunch of Rollup solutions, and Ethereum's path is getting a bit crowded. Encrypted mempools sound good, but I wonder if the implementation will be compromised. Holding spot is the real king; don't think about bottom fishing.

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