I won't touch anything he does.

#Strategy加码BTC配置 $UNI $ZEC $AT

A major tokenomics overhaul just took place in a leading DEX—1 billion tokens burned, protocol revenue-driven perpetual buyback mechanism, causing a震动throughout the DeFi ecosystem.

Let's look at how solid the data is: a burn scale valued at $600 million. This is not just marketing hype; it’s a genuine commitment with real money.

The core upgrades have three implications:
⚡️ 10%-25% of protocol revenue is automatically used for buyback and burn, meaning the more active the trading volume and on-chain activity, the scarcer the tokens become—business growth directly drives token deflation.
⚡️ Building a native public chain turns Gas fees into revenue streams, with each user transaction fee flowing back into the token’s value.
⚡️ The valuation logic has completely flipped: from a pure governance tool to a truly cash-flow-generating asset, currently implied PE is only 12-24 times, making it a valuation “bargain” in the crypto world.

The brilliance of this mechanism lies in creating a self-reinforcing positive feedback loop. During price increases, it accelerates deflation and boosts scarcity; during declines, buybacks form a bottom support—not relying on hype, but on the power of tokenomics.

What does a 97% voting approval rate indicate? Five years of oversupply finally has a solution, and the market is voting with its feet.

When the fee switch is truly turned on, the entire DeFi token valuation logic may need to be rewritten. From a flow narrative back to the essence of cash flow, this is the ultimate form of a token.

Can UNI break into the top five by this model? Has the era of DeFi token valuation truly arrived?