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Dragonfly Partner: After Uniswap activated the fee switch, its valuation was 240 times the annualized fee, and it may incur a loss of $100 million this year.
BlockBeats News, January 7 — Dragonfly partner Omar Kanji stated, "After activating the fee switch, Uniswap’s current valuation is approximately 240 times the annualized fee (FDV of $5.4 billion / $23 million in annualized fees).
Furthermore, considering this year’s allocation of 20 million UNI (calculated at the current price of $6.16, approximately $123 million), the protocol is expected to record a loss of about $100 million this year."