Wrote this ~1y ago on Uni's challenges. Since they've launched UniV4 + UniChain only to see their global VOL share decline another 11% -- all while milking the DAO for close to a quarter of billion. They look deeply vulnerable -- and a $10B FDV is a helluva bounty.
My biggest take away from Token2049 for me is that it is starting to sink in that the MetaDEX model has won. It offers the single best answer to the DEX trilema, aligning the incentives of traders, LPs, and holders, and the results speak for themselves. A short thread. 🧵
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