December 7, 2022

Trading volume across decentralized exchanges (DEXes) in the past seven days has reached a total of $12 billion, according to data from sand dune analytics. With a trading volume of $8.36 billion last week, Uniswap It has a 70.1% share of the entire DEX market.

Exchanging hands at $9.04 at the time of writing, the protocol token, UNI, has experienced massive growth in the past month. According to a new report by Emotionthe number 15 with the most market capitalization, posted a slight increase of more than 140% in its price since June 18.

Price hike previously “UNI”

On July 18, UNI exchanged hands at $3.65. UNI’s price has seen growth in the last 48 days and is $9.08 at the time of writing. According to data from CoinMarketCapDuring the bull run in July, the token grew by more than 65%.

With daily trading volume at 270.79 million at press time, UNI’s trading activity has seen a 70% growth since June 18.

During the period under review, the token rose to a record high of 637.21 million in trading volume on June 28, its highest level in three months.

Moreover, during the same period, the market capitalization of the token increased from $5.38 billion to $6.76 billion.

Source: Santiment

UNI on the series

According to the report, in the 30-day moving average, in the past month, the daily active addresses on the network grew to more than 1,100 addresses per day. As the price went up to $9.28 on July 28, 1966 total unique titles traded on UNI.

New titles joining the network in the past month have also grown. On July 19, UNI reported a daily high of 595 new addresses, the highest the network had seen since May.

Source: Santiment

Furthermore, in his report, Santiment noted that since May, UNI has seen a rise in whale activity. According to the report, in the past two weeks, addresses with 100,000 to 1 million UNI have ramped up accumulation causing the price of the token to maintain its upward trend.

IIn addition, transactions for whales in excess of $100,000 saw a significant increase and returned to their levels in May.

Source: Santiment

On the social front, on July 12, UNI’s social dominance touched a high of 2.08%.

This is the highest level the token has seen in the past year.

At the time of publication, this measure stood at 0.589%.

After seeing a high of 1,466 on May 15, the development activity of the token took a downward spiral. As of press time, this number is 121.

Source: Santiment

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *