On November 12th, trader Eugene Ng Ah Sio posted on his personal channel and said, “In the discussion about Uniswap’s fee switch, there is a ‘can’t see the forest for the trees’ situation. We are seeing how a pro-encryption regulatory framework is altering the protocol-level value accrual strategy, which will ultimately benefit token holders.” This is a highly positive development for the entire DeFi industry and sets a referenceable precedent for future protocols. As insider selling gradually decreases, active market participants will be able to more accurately value these protocols based on fundamental factors. At that time, the crypto market will have less of a casino-like atmosphere and more of the characteristics of a traditional stock market.
