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CryptoQuant CEO: If Fee Switch is activated, $500 million worth of UNI will be burned annually
BlockBeats News, November 11th, CryptoQuant CEO Ki Young Ju stated that if the Fee Switch mechanism is activated, Uniswap's price could experience a parabolic rise.
Even if only considering v2 and v3, the protocol's trading volume since the beginning of the year has been $1 trillion. If the volume remains the same, approximately $500 million worth of UNI would be burned annually.
The trading platforms hold only $830 million worth of UNI, so even if unlocked, a supply shock seems difficult to avoid.
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