UNI holders will be happy to go away after reading this update

In a recent update, Uniswap She declared that she outperformed the others DEX In terms of market share on Arbitrum Network.

Although UNI’s Total Closed Value (TVL) has not posted impressive growth, everything has been looking good on the price charts for the past seven days.

Now the most relevant question is – can Uniswap continue to maintain its dominance in the DEX space?

Here AMBCryptos Uniswap Price Prediction For 2022-2023

Turn up the volume

according to tweetAnd the Uniswap has reached a record 78.7% market share in Arbitrum. As shown in the image below, Uniswap It dominated most of the market compared to the rest of the DEXs.

Source: Uniswap

additional, According to DefiLamaUniswap’s average TVL was about $5.2 billion, with lower volatility.

However, the number of transaction fees on the Uniswap network has seen some growth in recent days.

As shown in the chart below, there has been a significant increase in fees since October. As of press time, fees have totaled $1.5 million in the past 24 hours.

Source: DefiLama

I have said that, UNI It has seen an increase in MVRV ratio in recent weeks. This can be interpreted as a bullish signal by many potential investors.

Another positive indicator of Uniswap could be the weighted sentiment scale that supported the overall growth of the network.

Additionally, Uniswap’s speed has been showing a peak recently, which indicates the fact that UNI code has been moving across addresses frequently in the past few days.

Source: feeling

Meanwhile, UNI has grown by 4.36% in the past 24 hours. One of the reasons for this growth can also be attributed to whales.

WhaleAn organization committed to tracking crypto whales, advertiser That on October 5, UNI was one of the most used smart contracts among the top 100 ETH picks in the last 24 hours.

Although the future looks bright for UNI and traders must watch Other aspects of the token before taking any position.

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