The story of how, three years ago, I first bought crypto—when I think about it now, it still makes me feel sad.
Back then, I couldn’t even use a wallet—I just left my coins on the exchange and slept on them.
But today I saw a piece of data that made me feel like DeFi has never left.
Uniswap's daily fees exceed $5 million.
Girls, do you know what $5 million a day means?
It’s more than many listed companies earn in a quarter.
Then guess what
BIP-110 proposal miner support is below 1%, basically declaring it dead.
Miners vote with their feet, rejecting the expansion.
On one side, DeFi makes $5 million a day; on the other, BTC can’t even push expansion.
The A and B sides of the crypto world have never been this clear
Uniswap’s fee structure shows that on-chain trading activity is very high
No matter how much the market swings, real people are using DeFi, trading, and earning fees
But on the BTC side, the governance deadlock is unsolvable in the short term—until miners agree, nothing can be changed
Robinhood’s bridge for ETH is up 10x in a week—ETH’s ecosystem is accelerating its expansion
So my take is that DeFi is quietly making a lot of money
While you’re staring at the candlestick chart and worrying, Uniswap has already tucked 5 million into its pocket
BIP-110 miner approval is under 1%, but BTC doesn’t care
Uniswap’s daily fees topped 5 million, setting a record
Industry institutions move in on the dormant Bitcoin case—an early regulatory standoff
Let’s also chat about a few hot topics and see if any of them are on your mind:
#BIP-110 proposal—miner approval is under 1%
The expansion proposal that miners won’t buy into is just empty paper—this is how BTC is: slow but steady; changing it could cause trouble
#Uniswap daily fees exceed 5 million
The revenue model of DeFi blue chips is the most underestimated asset in the crypto world—5 million a day, and 1.8 billion a year
#Dormant Bitcoin case sees industry institutions move in
BTC inheritance disputes have industry institutions stepping in, indicating that crypto assets are entering the traditional legal framework— the price of compliance is the transfer of faith