@georgiana3b
A DEX-to-CEX spot trading volume ratio of 25% would indicate significant DeFi adoption, potentially benefiting UNI’s price. Higher DEX market share suggests growing confidence in on-chain trading, leading to greater fee generation for Uniswap. However, UNI’s price breakout depends on user retention, revenue distribution, and governance improvements. If Uniswap introduces fee-sharing mechanisms or utility enhancements, demand for UNI could increase. Additionally, macro factors such as Ethereum gas fees and regulatory clarity will impact long-term valuation.