Uniswap [UNI] witnessed some massive growth in terms of social activity in the past few weeks, according to the social media analytics firm LunarCrush. Additionally, Uniswap also witnessed a spike in development activity. LunarCrush tweeted on 2 October that Uniswap was the “coin of the day” indicating that it had outperformed other cryptocurrencies on the social […]
Uniswap’s social mentions had increased by 59.09% over the last week. Its social engagements and contributors also grew by 51.51% and 33.92% respectively.As can be seen from the image below, the weighted sentiment for the Uniswap token was also positive, especially from 28 September till 30 September. However, the sentiment took a sharp dip from the 1 October, suggesting that the public sentiment around UNI had changed.
Uniswap’s development activity witnessed a surge over the last week. Since 29 September, Uniswap’s development activity witnessed a massive spike and continued to stay the same throughout the week.The constant updates and upgrades that were made on Uniswap could thus, be perceived as a bullish sign.haven’t done much for the protocol’s TVL. This can also be observed from the chart below. The overall TVL maintained a similar level as was witnessed throughout September.
Furthermore, the supply held by top addresses also witnessed a spike since 12 September. An interest from whales could be a positive indicator for the future of the token. However,
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Investors should read this before making a decision on UNIUniswap (UNI) recently outperformed every other crypto in the top-20 list in terms of market capitalization by registering figures of over 8% in seven-day gains. Interestingly, Messari’s data revealed that Uniswap has also consistently maintained a DEX market share of 75% throughout Q3. This, in many ways, is good news for the ecosystem. However, while […]
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