Uniswap’s development activity was the highest in October Since FTX collapsed, the DEX has seen a surge in user activity According to data from on-chain analytics platform Santiment, the decentralized finance (DeFi) protocol Uniswap [UNI] had the most development activity in the last month. Read Uniswap’s [UNI] price prediction 2023-2024 In the last 30 days, […]
2023-2024
In the last 30 days, Uniswap’s GitHub events totaled 176. It was followed by Osmosis [OSMO] and Fox Token [FOX], which had 164 and 123 GitHub events, respectively.The month so far has been a particularly interesting one for Uniswap. The sudden fallout of leading exchange FTX led to a decline of trust in centralized exchanges and a migration of users to decentralized exchanges.
According to crypto analyst WuBlockchain, the “loss of trust in CEX” caused a hike in trading volume on Uniswap. This was because Uniswap V2 and V3 burned over 2300Due to the loss of trust in CEX, the trading volume of Uniswap increased, V3 and V2 burned more than 2300 ETH in 7d, which has caused ETH to fall into deflation. MEV robotics activity has recently peaked. The number of addresses trading USDC in DEXs also hit a new high.
As users left CEXs to seek solace on DEXs from 6 November, the count of unique addresses that traded UNI went up. However, by 13 November, the token had both crossed its peak and declined. At press time, daily active addresses that traded UNI stood at 1717, dropping by 44% in the last six days. Following a similar progression, the count of new addresses that joined the UNI network went up on 6 November to peak at 1959 addresses by 13 November. However, it has since gone down by 54%.On a year-to-date basis, the price per UNI token fell by 66%. Unsurprisingly, UNI holders have held at a loss since the year started. According to on-chain data from Santiment, the alt’s Market Value to Realized Value ratio has been negative since January.
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Going long on UNI? Read this before making a decisionUniswap has a new update; Subsequently, its development activity surged Its network growth and daily activity witnessed an uptick as well Since FTX’s collapse, more and more users have been turning their interest to DEXs such as Uniswap. Now, in an effort to capitalize on this interest, the exchange has launched new infrastructure. ____________________________________________________________________________________________ Read […]
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