Uniswap (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 […]
However, while the aforementioned might seem promising, there have been several other developments across the crypto’s metrics too. These are worth looking at, especially since each might trigger a pullback soon.What do the metrics say?
A look at UNI’s metrics indicated that the altcoin’s good days might come to an end soon as several of them pointed to a possible downtick in the coming days. For instance, UNI’s development activity has fallen, having moved sideways of late – A negative signal as it reflects a decrease in developers’ efforts to improve the blockchain.
Moreover, Uniswap’s daily active addresses also fell significantly after registering a spike on 17 September, yet another red flag as it indicates a lower number of users on the network. Finally, CryptoQuant’s
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