UNI value in-depth analysis: whales accelerate their layout. DeFi leaders usher in a moment of value revaluation | One article to deeply understand uniswap value

UNI value revaluation: whales accelerate their layout, and DeFi leaders usher in a value turning point. Although prices are under short-term pressure, whales are continuing to accumulate UNI, with smart funds holdings exceeding 41.6 million. Behind this is the fundamental improvement of Uniswap's fundamentals. In the field of decentralized finance (DeFi), Uniswap, as the largest decentralized exchange on Ethereum, is ushering in a critical turning point. Data shows that although UNI prices have been under pressure recently, the number of whale addresses has exceeded 8.77 million, a significant increase from last month, and the holdings of smart funds exceed 41.6 million. 01 Pivot: The fundamentals are good, and the trading volume leads Uniswap delivered a brilliant report card in August 2025, with a trading volume reaching a record $14.3 billion, a significant increase from the previous month, and firmly ranking as the leading position in the DEX market. The agreement incurred more than $273.7 million in fees in the quarter, showing the ability of core businesses to continue to create value. Layer2 solution Unichain performed particularly well, with dApp activity exceeding US$12.54 billion in August, successfully solving the problem of high gas fees on the Ethereum main network and laying the foundation for future growth. 02 Regulatory Breakthrough: SEC investigation ends, legal entities progress In February 2025, the U.S. Securities and Exchange Commission (SEC) officially ended its investigation into Uniswap Labs, saying that it would "will not take any enforcement actions" to clear the haze of regulatory for many years for Uniswap. More importantly, the Uniswap community voted to adopt a proposal to establish a DUNI legal entity, which will register a decentralized nonprofit association in Wyoming. This move provides limited liability protection for governance participants, significantly reducing the personal legal risks brought about by agreement decisions. 03 Value revaluation: From governance to tokens to cash flow assets Uniswap faces the value paradox for a long time: As a leading DeFi protocol, it has the highest transaction volume and fee income, but it cannot bring returns to token holders. This situation is about to change. DAO has started a trial discussion on the unified charging of 0.05% agreement fee for the entire v3 pool, and has also technically deployed the UniStaker module of "staking + delegation → sharing". The elimination of regulatory risks makes the allocation logic have room for execution. Based on the current transaction data, once the dividend mechanism is implemented, the agreement can be distributed to UNI holders at a ratio of 10%-25%, bringing a fundamental change in valuation logic. 04 Institutional Interest and Risk Challenges Institutions' interest in UNI pledge continues to grow, and institutions such as Grayscale Investment and Fidelity are testing Uniswap's batch auction interface. ETF expectations are also heating up, and clear regulation has laid the foundation for such products. In terms of risks, regulatory uncertainty still exists, the threat of MEV attacks cannot be ignored, and competitive agreements continue to compete for market share. Token inflation pressure is another risk point, and a large number of UNIs will be gradually released in the next few years, with a high annual inflation rate. The most core risk is that the opening of the fee switch still depends on the DAO resolution, and there is uncertainty. Even if it is opened, the dividend threshold and the specific share ratio are still unknown. 05 Future Outlook: Value Return is Promised Uniswap is evolving from a "non-dividend infrastructure" to a protocol with "cash flow distribution capabilities". This transformation will fundamentally change UNI's valuation logic, from a simple "market sentiment × liquidity game" to a "distributed protocol income × share ratio × PE multiple". With the establishment of the DUNI legal entity and the potential opening of the fee switch, the story of UNI's revaluation has just begun. Whale accumulation behavior shows that big funds are confident in the UNI prospects, and this divergence often indicates potential price rebound opportunities. Data shows that the exchange's UNI reserves have dropped from 655 million to 645 million, indicating that investors are transferring tokens from the exchange for long-term storage. Smart funds have realized the fact that UNI is undervalued and are planning to make arrangements before the market pricing logic changes. Uniswap transaction volume returns to high levels, technical infrastructure is becoming more and more perfect, and regulatory environment is becoming more friendly. All these factors suggest that UNI's value revaluation is not a question of whether it will happen, but a question of when it will happen. [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video does not have any investment advice, it is only used as information sharing]