Shocking!!! BlackRock actually did this to $UNI .

On February 11, 2026, BlackRock announced that it would connect its tokenized government bond fund BUIDL, which is approximately $2.2-2.4 billion in scale, to UniswapX for on-chain trading, while strategically buying UNI.

There were no further actions taken, but $UNI plays a very important role in the cryptocurrency space, and BlackRock has essentially placed its hand precisely on a core node.

However, looking at this alone is meaningless; let's talk about something related to coin prices.

First, $UNI 2025 generated a revenue of $35.76 million. According to the Firepit mechanism protocol, this money was all used to buy and burn $uni tokens, totaling approximately: 10 million units. The deflationary rate is about 1.5%.

Secondly, UNI pays the 'operations' team 20 million units each year, worth approximately $71 million (current coin price: $3.55).

According to this logic, the deflation brought by the Firepit mechanism cannot cover the management fee expenditures, which is one of the reasons why this coin is not rising at the moment.

Additionally, UNI's market share is declining, currently accounting for about 21.06%.

Moreover, based on valuation (market cap/annual income multiple), UNI's multiple exceeds that of other DEX.