That $UP is a top-10 revenue generating DEX in all of crypto on $10m TVL is wild.
And before you ask: the circulating supply has barely increased from the initial 20m.
The interesting part is that 100% of protocol revenue goes back to up-2:native holders through veUP.
We're sitting at just $12M market cap right now. We might see a correction from here, I don't know. But I think $100M is a very reachable target.
And honestly, $100M is just my minimum target. I have much bigger numbers in mind for UP.
@im_goomba $UP checks several boxes: strong liquidity, rising volume and a possible trend reversal. 👀
Now the double bottom must hold—the setup looks promising.
$UP — up.
up. is building the native liquidity layer of Robinhood Chain.
Robinhood × DEX × Liquidity × ve(3,3)
At its core, up. is a decentralized exchange where users can swap assets and provide liquidity.
But the interesting part is how the token works.
Users can lock UP into veUP.
veUP holders then vote on which liquidity pools receive token incentives.
In return, voters receive 100% of protocol trading fees and third-party incentives from the pools they support.
So the model is simple:
Traders generate fees.
Liquidity providers earn UP.
UP lockers control incentives and receive protocol revenue.
The protocol is already showing real activity.
up. v3 has processed more than $1.1B in cumulative DEX volume, with roughly $382M traded over the last 7 days.
Tokenomics are unusual.
A large amount of UP is locked into veUP positions, and most of that locked supply is permanently locked rather than waiting for a normal unlock date.
The easiest way to understand up.:
Aerodrome became the liquidity hub of Base.
up. is trying to become that for Robinhood Chain.
If Robinhood Chain keeps growing, its native liquidity layer could become one of the most important pieces of the ecosystem.
Do you think $UP can become the $AERO of Robinhood Chain?
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Full research & setups ↓
https://t.co/4fGUnzoXJV
~$1m distributed between this week and last.
$UP is a truly revenue-centric token. It earns trading fees every week and never needs to be sold to take profit.
Owning $UP means owning a share of the native ve(3,3) DEX on what's shaping up to be the leading chain of the cycle.
If Robinhood Chain keeps growing and up keeps capturing revenues through fee capped emissions, there’s only one way this can go.
up.