Tokenized-stock liquidity is flowing into Uniswap [UNI] V4 just as the sector builds its DeFi footprint. V4 holds $59.1 million as of writing, giving it roughly 31% of the $192.6 million market and deeper liquidity than its rivals.
This increased liquidity helps make V4 more appealing as a source of greater trading volume, which translates into more investor activity.
Trailing behind is Kamino at $41.7 million, while Uniswap V3 comes in third, holding $20.9 million. This clearly shows liquidity is already shifting toward newer infrastructure.
Together, the three control 63% of TVL. In turn, this leaves smaller venues competing for limited deposits. With sector TVL up 2,218.8%, further inflows into V4 could reinforce its liquidity advantage.
Sustained growth would strengthen Uniswap’s position as tokenized-stock trading expands.
Uniswap’s fee switch puts UNI burns in focus
Meanwhile, growing usage is starting to feed directly into UNI’s economics. As Uniswap V4 pulls more tokenized-stock activity, its daily revenue recently surged toward $600,000. This pushed the annualized run rate near $220 million.
Still, higher revenues will provide more capital for UNI burns when the fee swap occurs, which reduces supply as activity on the protocol continues to expand.
Recent spikes over $400,000 also show this value capture strengthens with heavier trading periods.
Furthermore, v3 reportedly supports daily burns of roughly $598,000, while v4 already generates over $10 million in daily fees. That gap leaves considerable revenue between the current burn loop and a significant portion of revenue generated by v4.
Therefore, as the mechanism is extended to v4, it could accelerate removals of UNI. All in all, growing V4 activity would then translate more directly into scarcity and stronger token value capture.
Arthur Hayes adds to UNI demand
With UNI’s economics improving, large holders are beginning to position around the same supply narrative. BitMEX cofounder Arthur Hayes received 244,406 UNI worth $1.73 million through Flowdesk. This materially expanded his exposure.
Using an over-the-counter (OTC) route also limited immediate market disruption, allowing accumulation without chasing UNI higher on exchanges.
Meanwhile, fresh wallets added another $2.9 million, while exchange balances fell by more than 350,000 UNI. Together, these movements point toward net absorption rather than distribution. Hayes also transferred $250,000 USDC to FalconX.
This move leaves additional purchasing capacity for future purchases. Ultimately, further accumulation would tighten liquid supply as protocol burns remove UNI.
Final Summary
- Uniswap [UNI] is gaining tokenized-stock liquidity as rising revenue strengthens UNI burns.
- Whale accumulation and falling exchange balances could tighten UNI supply further.