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Uniswap - The fundamentals the market is sleeping on

The monthly chart looks dead — no activity, forgotten project. That’s only the surface. Check DeFiLlama: TVL ≈ $4B, holding steady for months — without an Ethereum bull run. Here’s what actually matters — fees (protocol revenues): * Q4 2022: $122.48M * Q3 2025: $402.25M * Growth: ≈ 3.28× (+228%) The market stares