Was the second quarter this year as bad as it is made out to be? Maybe for major cryptocurrencies, but maybe not for some others in the crypto-market. In fact, Uniswap managed to “outperform” crypto-asset prices in Q2, as per a recent report. Messari’s “State of Uniswap Q2 2022” touched upon the major performance aspects […]
Was the second quarter this year as bad as it is made out to be? Maybe for major cryptocurrencies, but maybe not for some others in the crypto-market. In fact, Uniswap managed to “outperform” crypto-asset prices in Q2, as per a recentThe global crypto-market cap diminished by more than $1.3 trillion during Q2. On the contrary, Uniswap has been able to note some improvements over the course.The trading volume on Uniswap dipped by only 8.7%, when compared to Q1 2022.
“This benchmark is important since liquidity on the DEX is heavily impacted by the price of the underlying tokens.”