Dragonfly Investor: Uniswap Expected to Post $100 Million Annual Loss

Odaily News Dragonfly investor Omar posted on the X platform, stating that after the fee switch was turned on, Uniswap is trading at an approximately 240x run-rate fee, meaning a $5.4 billion fully diluted valuation corresponds to a $23 million run-rate fee. Considering this year's grant of 20 million UNI, valued at approximately $123 million at the current price of $6.16, the protocol is expected to incur a $100 million loss this year.