Uniswap V4 held $59.1 million in tokenized-stock liquidity at time of writing, capturing roughly 31% of the $192.6 million market and surpassing Kamino at $41.7 million and V3 at $20.9 million. Together, the three platforms control 63% of sector TVL, which surged by 2,218.8%. Daily protocol revenue hit $600,000, pushing the annualized run rate to nearly $220 million, while V4 generates over $10 million in daily fees. BitMEX cofounder Arthur Hayes received 244,406 UNI worth $1.73 million via Flowdesk, and exchange balances fell by more than 350,000 UNI. This whale accumulation and shrinking exchange supply should amplify UNI burns once the fee switch mechanism is activated.
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