Following the proposal for Uniswap's fee switch, the market has revealed a clear appetite for real revenue, as Uni's current trading price surged 110% and other protocols, such as DYDX, with fee switch potential, have surged by over 60%.

Surprisingly, the market appears to have overlooked a DeFi protocol boasting a $1.6 billion Total Value Locked (TVL), generating over $80 million in actual annual revenue. Despite imminent plans for a fee switch, the protocol is currently traded at a Fully Diluted Valuation (FDV) of only $780 million.

That protocol is Frax! $FXS

#leofinance #crypto #Eth