Despite Uniswap’s impeccable social performance, UNI’s career can be called into question

Uniswap [UNI] Saw some huge growth In terms of social activity in recent weeks, according to a social media analytics company LunarCrush. In addition, Uniswap has also seen an increase in development activity.

LunarCrush chirp On October 2 that Uniswap ‘Today’s coin’ was referring to it The It has surpassed other cryptocurrencies on the social front. additional, Uniswap’s social mentions increased 59.09% in the past week. Its social engagement and its contributors also increased by 51.51% and 33.92%, respectively.

UNI: social butterfly

As can be seen in the image below, the Uniswap token’s weighted sentiment was also positive, especially from September 28 to September 30. But sentiment declined sharply from October 1, indicating that general sentiment about UNI has changed.

While sentiment for Uniswap on the social front wasn’t impressive at the time this report was published, there was another development for potential investors. Uniswap’s development activity has seen an increase in the past week. Since September 29, Uniswap’s development activity has seen a massive increase and has remained the same throughout the week.

Uniswaps may be one of the reasons for the increase in development activity Toggle update widget. The constant updates and upgrades that are being made to Uniswap can therefore be seen as a bullish sign.

Not without ifs and buts …

Although the nature Uniswap New UpdatesThe TVL didn’t do much for the protocol. This can also be seen from the chart below. TVL overall maintained a similar level as seen throughout September. At press time, Uniswap’s TVL is valued at 5.16 billion.

While users have not shown much interest in Uniswap’s DeFi protocol, whales have shown some inclination towards the UNI token.

Additionally, the supply of headlines has also seen an increase since September 12th. The interest from whales could be a positive indicator for the future of the token. anyways, singleThe s rate has been on a downward slope since the past few days indicating that the number of times UNI The exchange of wallet addresses has decreased.