Monthly activity on the Uniswap network increased significantly, even as the overall TVL saw a decline. Will UNI rise?
UNI’s price fell significantly along with network growth over the past few days.dominance in the crypto space, it has seen a significant surge in activity over the last few days.According to recent data provided by Token Terminal, the number of monthly active users on Uniswap have soared. However, the overall TVL on the network declined significantly during the same period.
Alternatively, there could be a migration to competing DeFi platforms offering features or functionalities that better suit current market conditions. There was no significant pattern or trend established by the price of the UNI token during this period. Moreover, the CMF for the UNI token also decreased significantly. A declining CMF meant that the money flowing into UNI had fallen materially.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ARB suffers despite Arbitrum’s soaring TVL: Here’s whyArbitrum experienced a substantial increase in Total Value Locked (TVL) over the past few days, reflecting a significant surge in interest.
Read more »
DeFi TVL hits $106B: Was Lido the biggest contributor?The total value locked (TVL) across decentralized finance (DeFi) protocols has risen to a two-year high amid the general market rally.
Read more »
Did Solana’s $4.86B TVL milestone impact SOL’s price?Solana has seen impressive volume trends in the past few months and has stayed over the $1 billion threshold.
Read more »
BOB crypto gears up for airdrop: Network activity, TVL surgeExcitement has started building around Bob crypto as news about an upcoming airdrop filtered to the community.
Read more »
UNI price takes a hit as Uniswap delays key governance proposalUniswap has had to defer a significant proposal designed to enhance its token governance and fee distribution system.
Read more »
UNI’s price sees +15% uptick after Uniswap’s new proposal beckons voteUniswap [UNI] has established itself as a leader in the Decentralized Exchanges (DEXs) sector based on activity and other metrics...
Read more »