So how long does Uni v4 need before we determine if it can outcompete v2 and v3? It’s on more chains than v2 and has less TVL. Of that v4 TVL, 31% is a token called MEME, according to DeFiLlama. I’m guessing this token is why v4 TVL is so volatile that it’s up 34% today?

Compare to the TVL breakdown of v3, which has twice the TVL of v4. It’s a much healthier mix of assets. So what gives? We’re about 6 months into v4. What does it need to surpass v2 and v3?