![]() ![]() On the downside, UNI’s velocity is seen to drop in the past couple of days implying a reduced number of wallet addresses. Meanwhile, the top wallet addresses were also seen to surge in terms of supply since September 12, especially since whale interest is very important for the token’s progress. The thing is, even if the whales were dubious of Uniswap’s DeFi protocols, users are gaining more interest in UNI. On the other hand, despite the recent UNI updates, it has not helped its TVL as it has been stuck on the same level since September. These continuous advancements and upgrades are said to be hinting at a bull run and attract more investors. The impressive uptick in terms of development activity is said to be triggered mainly by the network’s Swap widget update. On the other hand, the weighted sentiment dropped immensely as witnessed on October 1.Īs a consolation, the development activity of UNI has grown rapidly since last week or September 29 and has been fairly consistent ever since. In addition, Uniswap’s weighted sentiment is positive as shown from September 28 to September 30. ![]() In the past couple of weeks, Uniswap is seen to gain social media dominance plus also improved in terms of development activities. UNI’s social engagements have spiked by 53.62% while social mention has grown by 62.15%. More so, UNI has been outperforming other cryptocurrencies when it comes to its social metrics. Supply of unique wallet addresses surged since September 12Īccording to CoinMarketCap, UNI’s price has been looking bullish and spiked by 4.15% or trading at $6.77 as of this writing.Uniswap (UNI) started with a bearish stride in 2022 along with Ripple and most other cryptocurrencies but it has been gaining some impressive price action as seen in the past few weeks. ![]()
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