Post
Yuvi.
$UNI
反弹后还在下跌，DeFi估值该先看谁受益？
今天早间现货快照中，UNI的24小时涨跌幅-0.84%，区间6.521—7.035 USDT。
协议成交、净费用与代币经济权益不能混为一个指标。价格离开低点不代表价值捕获机制已经改善，业务热闹也未必让持有人同等受益。
若可核验费用增长通过明确机制形成代币需求，再提高估值判断；若权益没变，不能仅凭跌幅期待必然回归。
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