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小优说web3
$UNI 现货手续费归LP和国库、UNI没fee switch；可永续OI 12.95亿、量比11.9倍，这块衍生业务才是真流动性和收入引擎。
监管期权讲过三轮，真正撑估值的是链上真实用量；突破10.2才打开空间，现在9块是中枢震荡。
上用量是底，仓位4成。守8.7冲10.2，破8.3减仓。UNI不靠fee switch讲故事，靠的是链上那11.9倍的永续血量。
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