Dragonfly partner Omar Kanji noted that Uniswap's valuation is now at 240 times its annual fees, with a fully diluted valuation (FDV) of 5.4 billion USD against annualized fees of 23 million USD. With 20 million UNI grants expected this year (at a price of 6.16 USD per token, totaling 123 million USD), the protocol is projected to incur a 100 million USD loss. As cryptocurrency price volatility persists, alternative coins to watch may include protocols with high valuation multiples and expenses driven by token grants.
BlockBeats news: On January 7, Dragonfly partner Omar Kanji posted that, "After the activation of the fee switch, Uniswap's current valuation is about 240 times its annualized fees (540 million USD FDV / 2.3 million USD annualized fees)."
Furthermore, considering the allocation expenditure of 20 million UNI tokens this year (at the current price of $6.16, amounting to approximately $123 million), the protocol is expected to record a loss of about $100 million this year.
