Uniswap

“Uniswap, you can actually value in a very equity-like way based on cash flows, because Uniswap actually collects a 30 basis point fee on all transactions, and it's currently doing more than a billion dollars a day in transactions.”

“Think of Uniswap. It's built by 30 people, and they do up to seven billion a day in trading volume, taking 60 bifs.”

“Take Uniswap as a governance token, the Uni token, or other types of DeFi tokens. Effectively, they give governance rights on a platform that performs a service to the holders of it. And either today or in the future, they can give also economic power to these…”

“It's like, wow, I just executed a trade, and there was no counterparty on the other side. That's revolutionary relative to the way markets have worked for hundreds of years.”

“Uniswap, for example, just passed one trillion dollars of trading volume since inception. It launched a few years ago.”

“Uniswap, which is what's called a decentralized exchange, just passed a trillion dollars in trading volume”

“So I think in the case of somebody like Uniswap, you're going to see them try to capture more end-user-facing value and try to own that interface.”

“And I think the other important thing to note is that during the volatility and downturns, when you had the failure of FTX and BlockFi and Celsius, all of these blockchain services worked perfectly. I should say the good ones, like Compound, Aave, Uniswap, Mak…”