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Trader Eugene: Uniswap Fee Switch On Benefits DeFi, Crypto Market Future Will Be More Aligned With Traditional Stock Market
BlockBeats News, November 12th, trader Eugene Ng Ah Sio posted on his personal channel stating that "There is a 'can't see the forest for the trees' phenomenon in the discussion about Uniswap's fee switch. We are witnessing how a pro-encryption regulatory framework is changing the protocol-level value accrual strategy, ultimately benefiting token holders."
This is a very positive step forward for the entire DeFi industry and sets a referenceable precedent for future protocols. As insider selling gradually subsides, active market participants will be able to more reliably value these protocols based on fundamentals. At that time, the crypto market will have less of a casino-like atmosphere and more traditional stock market characteristics."
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