Uniswap V4’s $321K daily incentives on Unichain led to a 50x liquidity increase ($132M) and 100x volume jump ($38M), signaling strong market feedback on ecosystem growth. However, UNI’s price, ranging from $5.24 to $13.41, hasn’t capitalized on this, trading 88.37% below its $45.02 all-time high. The “Uniswap Unleashed” program drives user activity, but governance token holders lack direct fee revenue, limiting UNI’s appeal. Market sentiment on X is bullish on V4’s efficiency, but regulatory risks and competition from DEXs like PancakeSwap, which outpaced Uniswap’s volume, restrain UNI’s growth. Investors await broader adoption to unlock value.