Uniswap for [UNI] The share of the liquidity market has grown exponentially over the past quarter, according to a tweet posted on November 7 by crypto analytics firm Messari.
liquidity on Tweet embed It nearly doubled its share of the total crypto market cap over the past year and was in market dominance by 0.4% at the end of the third quarter.
This net gain in market share highlights Uniswap’s ability to attract liquidity. pic.twitter.com/ecBgyVox8E
– Messari (MessariCrypto) November 7, 2022
Here AMBCryptos Uniswap Price Prediction For 2022-2023
Adding “quid” to the questioner
despite of UniswapDaily liquidity decreased, and its market share in terms of liquidity continued to grow, as shown in the figure below. Thus, UNI significantly outperforms other DEXs in this regard.
At the time of writing this report, UniswapLiquidity has been fixed at 0.4% market dominance since end of Q3.
However, despite the growth in terms of liquidity, TVL has not been affected much and its movement has remained unchanged over the past few months. At the time of writing, the total value locked by Uniswap is $4.45 billion, according to data provided past DeFiLlama.
Besides, the total fees collected by Uniswap continued to decline. According to Token Terminal, the fees generated by Uniswap By 12.2% over the past seven days. In the last 24 hours, total income earned by DEX was $1.1 million.
According to this development, Uniswap’s revenue is on the supply side cross off past 4.99% as well. At the time of writing, the total supply-side revenue is $3.43 million.
On the other hand, Uniswap network’s growth has seen a massive spike in the past few days as can be seen from the image below.
This indicates that the number of new addresses that transmit the UNI token for the first time has increased, which indicates the interest of new users in UNI.
But that’s not all, Uniswap has also noticed an uptick in its development activity over the past week. Thus, indicating that developers have increasingly contributed to Uniswaps github. So there may be new updates and upgrades coming for UNI.
As can be seen from the graph below, it can be seen that the number of daily transactions on the UNI network has increased significantly in recent months.
Unfortunately, despite this positive development, the price of UNI continued to fall. At the time of writing this report, UNI It has weakened by 9.45% in the past 24 hours, according to CoinMarketCap. However, its volume continued to grow, increasing by 14.4% over the same time period.