Fees are reaching $5 to $6mn per day!
What I always wondered about these fees that are generated on Uniswap is how they really matter for the token since they fully go to liquidity providers who risk impermanent loss. At least that is how I understand it. If they turn on protocol fees, isn't there a risk that many will just move to a platform where there are no protocol fees ?
I dislike Meme CoinsI used to be the same but really flipped my mindset after 7+ years in crypto seeing the biggest garbage always pump the most. If I would have the bet, it would be on memecoins outperforming everything this cycle. That said, I still prefer to keep most in stuff that actually has fundamentals and less risk.