Is Uniswap [UNI] really overvalued? These metrics can help us answer

UNI token may be overvalued based on the fee-to-market cap ratio. Bot activity on the protocol along with order flow toxicity increased. Based on token terminal data, it was observed that UNI, the native token of Uniswap, was trading at a 16.20x multiple to the annualized fees it generated. Uniswap users were paying around $420