Uniswap V4's Tokenized-Stock Frenzy Fuels UNI Burns

Uniswap V4 has captured a significant share of tokenized-stock liquidity, holding $59.1 million as of writing and accounting for roughly 31% of the $192.6 million market.

This increased liquidity makes V4 more appealing to traders, which in turn translates into more investor activity and growing revenue.

Uniswap's fee switch will further boost UNI burns, reducing supply as activity on the protocol expands. The daily revenue of Uniswap V4 recently surged toward $600,000, pushing its annualized run rate near $220 million.